2003 Legislation
Print Friendly

HOUSE BILL NO. 82 – Income tax credits, land management

HOUSE BILL NO. 82

View Daily Data Tracking History

View Bill Text

View Statement of Purpose / Fiscal Impact



Text to be added within a bill has been marked with Bold and
Underline. Text to be removed has been marked with
Strikethrough and Italic. How these codes are actually displayed will
vary based on the browser software you are using.

This sentence is marked with bold and underline to show added text.

This sentence is marked with strikethrough and italic, indicating
text to be removed.

Daily Data Tracking History



H0082..................................................by REVENUE AND TAXATION
INCOME TAX - CREDITS - Amends existing law to continue the income tax credits
for land management practices.
                                                                        
01/16    House intro - 1st rdg - to printing
01/17    Rpt prt - to Rev/Tax
01/28    Rpt out - rec d/p - to 2nd rdg
01/29    2nd rdg - to 3rd rdg
01/30    Ret'd to Rev/Tax

Bill Text


                                                                        
                                                                        
  ||||              LEGISLATURE OF THE STATE OF IDAHO             ||||
 Fifty-seventh Legislature                 First Regular Session - 2003
                                                                        
                                                                        
                              IN THE HOUSE OF REPRESENTATIVES
                                                                        
                                     HOUSE BILL NO. 82
                                                                        
                             BY REVENUE AND TAXATION COMMITTEE
                                                                        
  1                                        AN ACT
  2    RELATING TO LAND MANAGEMENT; AMENDING SECTION 4, CHAPTER 259, LAWS OF 1997, TO
  3        PROVIDE THAT THE SUNSET CLAUSE SHALL APPLY ONLY TO SECTIONS 1 AND 2 OF THE
  4        ACT; DECLARING AN EMERGENCY AND PROVIDING A RETROACTIVE EFFECTIVE DATE.
                                                                        
  5    Be It Enacted by the Legislature of the State of Idaho:
                                                                        
  6        SECTION 1.  That Section 4, Chapter 259, Laws of 1997, be, and the same is
  7    hereby amended to read as follows:
                                                                        
  8        SECTION 4.  This act shall be in full force and effect on and after  Janu-
  9    ary  1,  1998, and. Sections 1 and 2 of this act shall be null, void and of no
 10    force and effect on and after January 1, 2003.
                                                                        
 11        SECTION 2.  An emergency existing  therefor,  which  emergency  is  hereby
 12    declared to exist, this act shall be in full force and effect on and after its
 13    passage and approval, and retroactively to December 31, 2002.

Statement of Purpose / Fiscal Impact



                       STATEMENT OF PURPOSE
                             RS 12368
Revise Title 22, Chapter 27, Idaho Code and Title 63, Chapter 30,
Idaho Code, (specifically 63-3024B) to remove the sunset clause
and re-authorize the Natural Resources Income Tax Credit, the
sunset date was January 1, 2003.  The re-authorization would
define terms, and provide for review and approval of qualified
expenditures. 
                          FISCAL IMPACT
Two hundred fifty thousand ($250,000) from the General Fund.


Contact
Name: Jerry Nicolescu, Department of Agriculture 
Phone: (208) 332-8649




STATEMENT OF PURPOSE/FISCAL NOTE                       H82