Bill
Bill > H0722
ID H0722
ID H0722Amends existing law to revise provisions regarding certain rate-regulated electric companies and gas companies.
summary
Introduced
02/17/2026
02/17/2026
In Committee
02/18/2026
02/18/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
RELATING TO TAXATION; AMENDING SECTION 63-405, IDAHO CODE, TO REVISE PRO- VISIONS REGARDING THE ASSESSMENT OF OPERATING PROPERTY; AMENDING SEC- TION 63-3502B, IDAHO CODE, TO REVISE A PROVISION REGARDING THE LEVY OF TAX ON CERTAIN ELECTRICAL PRODUCTION AND RATE-REGULATED ELECTRIC UTIL- ITY COMPANIES, RATE-REGULATED AFFILIATED GAS COMPANIES, AND RATE-REGU- LATED GAS COMPANIES; AMENDING SECTION 63-3503C, IDAHO CODE, TO REVISE PROVISIONS REGARDING THE CALCULATION, COLLECTION, ALLOTMENT, AND AP- PORTIONMENT OF TAX DUE FROM RATE-REGULATED ELECTRIC UTILITY COMPANIES, RATE-REGULATED AFFILIATED GAS COMPANIES, AND RATE-REGULATED GAS COM- PANIES BY THE STATE TAX COMMISSION AND TO ESTABLISH THE RATE-REGULATED TAX FUND; AND DECLARING AN EMERGENCY AND PROVIDING RETROACTIVE APPLICA- TION.
AI Summary
This bill revises how certain rate-regulated electric and gas companies are taxed in Idaho, aiming to clarify and adjust the assessment, levy, and collection of taxes for these companies. Key changes include modifying how the State Tax Commission assesses operating property, specifically for rate-regulated electric utility companies, rate-regulated affiliated gas companies, and rate-regulated gas companies, by basing tax apportionment on 2025 property tax levies and allocations. It also updates the timing and methods for calculating and collecting kilowatt-hour and thermal energy taxes, introducing estimated tax payments and establishing a new "rate-regulated tax fund" to manage these revenues. The bill also includes provisions for reapportioning taxes if taxing districts dissolve or bonds expire and declares an emergency, making its provisions retroactive to January 1, 2026.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Revenue and Taxation Committee (House)
Last Action
Reported Printed and Referred to Revenue & Taxation (on 02/18/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.idaho.gov/sessioninfo/2026/legislation/H0722/ |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2026/legislation/H0722.pdf |
| Fiscal Note/Analysis - Statement of Purpose / Fiscal Note | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2026/legislation/H0722SOP.pdf |
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