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HOUSE BILL NO. 98

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Daily Data Tracking History

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H0098...............................................by REVENUE AND TAXATION
INCOME TAX - 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
01/29    Rpt out - rec d/p - to 2nd rdg
02/01    2nd rdg - to 3rd rdg
02/02    3rd rdg - PASSED - 65-0-4
      AYES -- Alltus, Barraclough, Barrett, Bell, Boe, Bruneel, Callister,
      Campbell, Chase, Clark, Crow, Cuddy, Deal, Ellsworth, Field(13),
      Field(20), Gagner, Geddes, Gould, Hadley, Hammond, Hansen(23),
      Hansen(29), Henbest, Hornbeck, Jaquet, Jones, Judd, Kellogg, Kempton,
      Kendell, Kjellander, Kunz, Lake, Limbaugh, Loertscher, Mader, Marley,
      McKague, Meyer, Montgomery, Mortensen, Moyle, Pischner, Pomeroy,
      Reynolds, Ridinger, Ringo, Robison, Sali, Schaefer, Sellman, Smith,
      Stevenson, Stoicheff, Stone, Taylor, Tilman, Tippets, Trail, Watson,
      Wheeler, Williams, Zimmermann, Mr Speaker
      NAYS -- None
      Absent and excused -- Black, Denney, Linford, Wood
    Dist. 19, Seat A, Vacant
    Floor Sponsor - Gagner
    Title apvd - to Senate
02/03    Senate intro - 1st rdg - to Loc Gov
02/09    Rpt out - rec d/p - to 2nd rdg
02/10    2nd rdg - to 3rd rdg
02/15    3rd rdg - PASSED - 33-0-2
      AYES--Andreason, Boatright, Branch, Bunderson, Burtenshaw, Cameron,
      Crow, Danielson, Darrington, Davis, Deide, Dunklin, Frasure, Geddes,
      Hawkins, Ingram, Ipsen, Keough, Lee, McLaughlin, Noh, Parry,
      Richardson, Riggs, Risch, Sandy, Schroeder, Sorensen, Stegner,
      Thorne, Twiggs, Wheeler, Whitworth
      NAYS--None
      Absent and excused--King, Stennett
    Floor Sponsor - Bunderson
    Title apvd - to House
02/16    To enrol
02/17    Rpt enrol - Sp signed
02/18    Pres signed
02/19    To Governor
02/25    Governor signed
         Session Law Chapter 27
         Effective: 01/01/99

Bill Text

H0098


                                                                        
 ||||              LEGISLATURE OF THE STATE OF IDAHO             ||||
Fifty-fifth Legislature                 First Regular Session - 1999
                                                                        

                             IN THE HOUSE OF REPRESENTATIVES

                                    HOUSE BILL NO. 98

                            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 8  9 .
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, 1999.

Statement of Purpose / Fiscal Impact

        REPRINT REPRINT REPRINT REPRINT REPRINT REPRINT

                     STATEMENT OF PURPOSE

                            RS08380

Annual Internal Revenue Code conformity bill. This bill is to
retain Idaho's policy of conforming Idaho Income Tax Act with

                                        the Definition of federal taxable income.

                                        FISCAL NOTE
                                        Increase of $75,000 to General Fund.

                                         CONTACT: Dan John/Ted Spangler
                                         State Tax Commission
                                         334-7530
                                         STATEMENT OF PURPOSE/ FISCAL NOTE    Bill No. 98