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HOUSE BILL NO. 489

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Daily Data Tracking History

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H0489...............................................by REVENUE AND TAXATION
INTERNAL REVENUE CODE - Amends existing law to update a reference to the
Internal Revenue Code of the United States for purposes of Idaho's income
tax law.

01/21    House intro - 1st rdg - to printing
01/22    Rpt prt - to Rev/Tax
02/04    Rpt out - rec d/p - to 2nd rdg
02/05    2nd rdg - to 3rd rdg
02/06    3rd rdg - PASSED - 63-2-5
      AYES -- Alltus, Barraclough, Barrett, Bell, Bieter, Bivens,
      Black(15), Boe, Bruneel, Callister, Campbell, Chase, Clark, Crane,
      Crow, Cuddy, Deal, Denney, Ellsworth, Field(13), Field(20), Geddes,
      Gould, Hadley, Hansen, Henbest, Hornbeck, Jaquet, Jones(9),
      Jones(22), Jones(20), Judd, Kellogg, Kempton, Kendell, Kjellander,
      Kunz, Lake, Loertscher, Mader, Marley, Meyer, Miller, Mortensen,
      Newcomb, Pischner, Pomeroy, Reynolds, Richman, Ridinger, Robison,
      Schaefer, Stevenson, Stoicheff, Stone, Stubbs, Tilman, Tippets,
      Trail, Watson, Wheeler, Zimmermann, Mr Speaker
      NAYS -- McKague, Wood
      Absent and excused -- Black(23), Gagner, Linford, Sali, Taylor
    Floor Sponsor - Hansen
    Title apvd - to Senate
02/09    Senate intro - 1st rdg - to Loc Gov
02/12    Rpt out - rec d/p - to 2nd rdg
02/13    2nd rdg - to 3rd rdg
03/10    3rd rdg - PASSED - 34-0-1
      AYES--Andreason, Boatright, Branch, Bunderson, Burtenshaw, Cameron,
      Crow, Danielson, Darrington, Deide, Dunklin, Frasure, Geddes, Hansen,
      Hawkins, Ingram, Ipsen, Keough, King, Lee, McLaughlin, Noh, Parry,
      Richardson, Riggs, Risch, Sandy, Schroeder, Stennett, Sweeney,
      Thorne, Twiggs, Wheeler, Whitworth
      NAYS--None
      Absent and excused--Sorensen
    Floor Sponsor - Frasure
    Title apvd - to House
03/11    To enrol
03/12    Rpt enrol - Sp signed
03/13    Pres signed
03/16    To Governor
03/17    Governor signed
         Session Law Chapter 52
         Effective: 01/01/98

Bill Text

H0489


                                                                        
 ||||              LEGISLATURE OF THE STATE OF IDAHO             ||||
Fifty-fourth Legislature                 Second Regular Session - 1998
                                                                        

                             IN THE HOUSE OF REPRESENTATIVES

                                    HOUSE BILL NO. 489

                            BY REVENUE AND TAXATION COMMITTEE

 1                                        AN ACT
 2    RELATING TO INCOME TAXES; AMENDING SECTION 63-3004, IDAHO CODE, TO  PROVIDE  A
 3        CORRECT REFERENCE TO THE INTERNAL REVENUE CODE; DECLARING AN EMERGENCY AND
 4        PROVIDING A RETROACTIVE EFFECTIVE DATE.

 5    Be It Enacted by the Legislature of the State of Idaho:

 6        SECTION  1.  That  Section 63-3004, Idaho Code, be, and the same is hereby
 7    amended to read as follows:

 8        63-3004.  INTERNAL REVENUE CODE. (a)  The  term  "Internal  Revenue  Code"
 9    means  the Internal Revenue Code of 1986 of the United States, as amended, and
10    in effect on the first day of January, 199 7  8 .
11        (b)  Provisions of the Internal Revenue Code amended,  deleted,  or  added
12    prior  to  the effective date of the latest amendment to this section shall be
13    applicable for Idaho income tax purposes on the effective  date  provided  for
14    such amendments, deletions, or additions, including retroactive provisions.

15        SECTION  2.  An  emergency  existing  therefor,  which emergency is hereby
16    declared to exist, this act shall be in full force and effect on and after its
17    passage and approval, and retroactively to January 1, 1998.

Statement of Purpose / Fiscal Impact

    





    STATEMENT OF PURPOSE
    RS07382
    Annual Internal Revenue Code conformity bill. This bill is to retain Idaho's policy of
    conforming Idaho's income tax with the definition of federal taxable income.
    
    
    FISCAL IMPACT
    
    Negative $1.25 million impact to the General Fund.
    
    CONTACT
    Name: Dan John/Ted Spangler
    Agency: State Tax Commission
    Phone: 334-7530
    Statement of Purpose/Fiscal Impact
    
    H 489