Print Friendly HOUSE BILL NO. 667 – Income tax, marriage penalty
HOUSE BILL NO. 667
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H0667...............................................by REVENUE AND TAXATION
INCOME TAX - Repeals and adds to existing law to eliminate from the
calculation of Idaho taxable income any marriage penalty that may exist in
the basic standard deduction of the Internal Revenue Code.
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. 667
BY REVENUE AND TAXATION COMMITTEE
1 AN ACT
2 RELATING TO INCOME TAXATION; AMENDING CHAPTER 30, TITLE 63, IDAHO CODE, BY THE
3 ADDITION OF A NEW SECTION 63-3022O, IDAHO CODE, TO PROVIDE FOR THE ELIMI-
4 NATION FROM THE CALCULATION OF IDAHO TAXABLE INCOME ANY MARRIAGE PENALTY
5 THAT MAY EXIST IN THE BASIC STANDARD DEDUCTION PROVIDED IN THE INTERNAL
6 REVENUE CODE, TO PROVIDE FOR ADJUSTMENTS, TO PROVIDE A DEFINITION OF "THE
7 MARRIAGE PENALTY" AND TO PROVIDE PROCEDURES; REPEALING SECTION 63-3022N,
8 IDAHO CODE; DECLARING AN EMERGENCY AND PROVIDING RETROACTIVE APPLICATION.
9 Be It Enacted by the Legislature of the State of Idaho:
10 SECTION 1. That Chapter 30, Title 63, Idaho Code, be, and the same is
11 hereby amended by the addition thereto of a NEW SECTION, to be known and des-
12 ignated as Section 63-3022O, Idaho Code, and to read as follows:
13 63-3022O. MARRIAGE PENALTY ADJUSTMENT. (1) To eliminate from the calcula-
14 tion of Idaho taxable income any marriage penalty that may exist in the basic
15 standard deductions provided in the Internal Revenue Code, basic federal stan-
16 dard deductions shall be adjusted as provided in this section.
17 (2) As used in this section, "the marriage penalty" means the difference
18 obtained by subtracting:
19 (a) The basic standard deduction for joint returns, from
20 (b) Two (2) times the basic standard deduction for an individual who is
21 not married and who is not a surviving spouse or head of household.
22 (3) For each taxable year beginning on and after January 1, 2000, the
23 standard deduction in section 63-3022(k)(1), Idaho Code, shall be: on a joint
24 return, the basic federal joint standard deduction plus the marriage penalty,
25 rounded to the nearest dollar, plus the amount of any additional standard
26 deduction for the aged or blind for which a taxpayer may qualify under section
27 63 of the Internal Revenue Code.
28 (4) The basic federal standard deduction for an individual for whom a
29 deduction under section 151 of the Internal Revenue Code is allowable to
30 another taxpayer shall not be reduced below the minimum adjusted basic stan-
31 dard deduction provided by section 63 of the Internal Revenue Code.
32 SECTION 2. That Section 63-3022N, Idaho Code, be, and the same is hereby
34 SECTION 3. An emergency existing therefor, which emergency is hereby
35 declared to exist, this act shall be in full force and effect on and after its
36 passage and approval, and retroactively to January 1, 2000.
STATEMENT OF PURPOSE
The purpose of this legislation is to provide for the elimination
from the calculation of Idaho taxable income any marriage penalty
that may exist in the basic standard deduction provided in the
Internal Revenue Code.
The Division of Financial Management estimates that this would
reduce the General Fund $10,000,000 to $11,000,000 for FY 2001.
Contact: Senator J.L. "Jerry" Thorne
STATEMENT OF PURPOSE/FISCAL NOTE H 667