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HOUSE BILL NO. 160

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Daily Data Tracking History

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H0160...............................................by REVENUE AND TAXATION
INCOME TAX - Amends existing law to update the reference to the Internal
Revenue Code.
                                                                        
02/06    House intro - 1st rdg - to printing
02/07    Rpt prt - to 2nd rdg
02/08    2nd rdg - to 3rd rdg
02/13    3rd rdg - PASSED - 67-0-3
      AYES -- Barraclough, Barrett, Bedke, Bell, Bieter, Black, Boe, Bolz,
      Bradford, Bruneel, Campbell, Chase, Clark, Collins, Crow, Cuddy,
      Deal, Denney, Ellis, Ellsworth, Eskridge, Field(13), Field(20),
      Gagner, Gould, Hadley, Hammond, Harwood, Henbest, Higgins, Hornbeck,
      Jaquet, Jones, Kellogg, Kendell, Kunz, Lake, Langford, Loertscher,
      Mader, Marley, McKague, Meyer, Montgomery, Mortensen, Moyle, Pearce,
      Pischner, Pomeroy, Raybould, Ridinger, Roberts, Robison, Sali,
      Schaefer, Sellman, Shepherd, Smith, Smylie, Stevenson, Stone, Swan,
      Tilman, Trail, Wheeler, Wood, Young
      NAYS -- None
      Absent and excused -- Callister, Moss, Mr. Speaker
    Floor Sponsor -- Cuddy
    Title apvd - to Senate
02/14    Senate intro - 1st rdg - to Loc Gov
02/19    Rpt out - rec d/p - to 2nd rdg
02/20    2nd rdg - to 3rd rdg
03/08    3rd rdg - PASSED - 35-0-0
      AYES -- Andreason, Boatright, Branch(Bartlett), Brandt, Bunderson,
      Burtenshaw, Cameron, Danielson, Darrington, Davis, Deide, Dunklin,
      Frasure, Geddes, Goedde, Hawkins, Ingram, Ipsen, Keough,
      King-Barrutia, Lee, Lodge, Noh, Richardson, Risch, Sandy, Schroeder,
      Sims, Sorensen, Stegner, Stennett, Thorne, Wheeler, Whitworth,
      Williams,
      NAYS -- None
      Absent and excused -- None
    Floor Sponsor -- Bartlett
    Title apvd - to House
03/09    To enrol
03/12    Rpt enrol - Sp signed
03/13    Pres signed
03/14    To Governor
03/19    Governor signed
         Session Law Chapter 58
         Effective: 01/01/01

Bill Text

                                                                        
                                                                        
  ||||              LEGISLATURE OF THE STATE OF IDAHO             ||||
 Fifty-sixth Legislature                  First Regular Session - 2001
                                                                        
                                                                        
                              IN THE HOUSE OF REPRESENTATIVES
                                                                        
                                     HOUSE BILL NO. 160
                                                                        
                             BY REVENUE AND TAXATION COMMITTEE
                                                                        
  1                                        AN ACT
  2    RELATING TO INCOME TAXES; AMENDING SECTION 63-3004, IDAHO CODE, TO UPDATE  THE
  3        REFERENCE TO THE INTERNAL REVENUE CODE; DECLARING AN EMERGENCY AND PROVID-
  4        ING 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, 20001.
 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, 2001.

Statement of Purpose / Fiscal Impact

                      STATEMENT OF PURPOSE
                                
                            RS 10463
                                   
    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 IMPACT
    
    Estimated negative $300,000 to the General Fund.
                                   
    
    
      CONTACT
    
    Name:  Dan John/Ted Spangler
    Agency:  State Tax Commission
    Phone:  334-7530
    
    STATEMENT OF PURPOSE/FISCAL NOTE           H 160