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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
|||| 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
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