Print Friendly HOUSE BILL NO. 665 – Income tax/joint return/addl dedctn
HOUSE BILL NO. 665
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H0665...............................................by REVENUE AND TAXATION
INCOME TAX - Amends existing law to provide that for taxable years
commencing on and after January 1, 2000, an additional deduction of three
hundred dollars shall be allowed in the case of a joint return where the
standard deduction is claimed.
02/23 House intro - 1st rdg - to printing
02/24 Rpt prt - to Rev/Tax
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-fifth Legislature Second Regular Session - 2000
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 665
BY REVENUE AND TAXATION COMMITTEE
1 AN ACT
2 RELATING TO INCOME TAX; AMENDING SECTION 63-3022N, IDAHO CODE, TO PROVIDE FOR
3 TAXABLE YEARS COMMENCING ON AND AFTER JANUARY 1, 2000, AN ADDITIONAL
4 DEDUCTION OF THREE HUNDRED DOLLARS SHALL BE ALLOWED IN THE CASE OF A JOINT
5 RETURN WHERE THE STANDARD DEDUCTION IS CLAIMED; DECLARING AN EMERGENCY AND
6 PROVIDING RETROACTIVE APPLICATION.
7 Be It Enacted by the Legislature of the State of Idaho:
8 SECTION 1. That Section 63-3022N, Idaho Code, be, and the same is hereby
9 amended to read as follows:
10 63-3022N. MARRIAGE PENALTY REDUCTION. For taxable years commencing on and
11 after January 1, 19992000, an additional deduction of one hundred fifty three
12 hundred dollars ($ 15300) shall be allowed in the case of a joint return where
13 the standard deduction as defined in section 63-3022, Idaho Code, is claimed.
14 SECTION 2. An emergency existing therefor, which emergency is hereby
15 declared to exist, this act shall be in full force and effect on and after its
16 passage and approval, and retroactively to January 1, 2000.
STATEMENT OF PURPOSE
This bill increases the additional standard deduction for joint returns from $150 to
$300 effective 1/l/2000.
This bill reduces the General Fund by $1,250,000 beginning in FY 2001.
Name: Michael Ferguson
Agency: Division of Financial Management
STATEMENT OF PURPOSE/FISCAL IMPACT H 665