Print Friendly HOUSE BILL NO. 530 – Income tax deductn, teacher expense
HOUSE BILL NO. 530
View Bill Status
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.
INCOME TAX - DEDUCTIONS - Amends existing law to delete language regarding
a state income tax deduction for certain expenses of elementary and
01/22 House intro - 1st rdg - to printing
01/23 Rpt prt - to Rev/Tax
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]]
Fifty-seventh Legislature Second Regular Session - 2004
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 530
1 AN ACT
2 RELATING TO INCOME TAXATION; AMENDING SECTION 63-3022O, IDAHO CODE, TO DELETE
3 LANGUAGE REGARDING A STATE INCOME TAX DEDUCTION FOR CERTAIN EXPENSES OF
4 ELEMENTARY AND SECONDARY TEACHERS; DECLARING AN EMERGENCY AND PROVIDING
5 RETROACTIVE APPLICATION.
6 Be It Enacted by the Legislature of the State of Idaho:
7 SECTION 1. That Section 63-3022O, Idaho Code, be, and the same is hereby
8 amended to read as follows:
9 63-3022O. ADJUSTMENT FOR PROPERTY ACQUIRED AFTER SEPTEMBER 10, 2001. For
10 taxable years commencing on and after January 1, 200 13, in computing Idaho
11 taxable income:
12 (1) The adjusted basis of depreciable property, depreciation and capital
13 gains and losses shall be computed without regard to subsection (k) of section
14 168 of the Internal Revenue Code, as amended by section 101 of the "Job Cre-
15 ation and Worker Assistance Act of 2002." ; and
16 (2) No deduction shall be allowed relating to expenses of elementary and
17 secondary teachers otherwise allowable under section 62(a)(2)(D) of the Inter-
18 nal Revenue Code, as amended by section 406 of the "Job Creation and Worker
19 Assistance Act of 2002."
20 SECTION 2. An emergency existing therefor, which emergency is hereby
21 declared to exist, this act shall be in full force and effect on and after its
22 passage and approval, and retroactively to January 1, 2003.
STATEMENT OF PURPOSE
There are approximately 14,000 public and private school teachers
who would be eligible for this tax credit. These are teachers
who purchase school supplies out-of-pocket for classroom use.
Data gathered from both teachers and superintendents from schools
indicates that many teachers spend about $200 or more dollars for
school supplies. President Bush stated that teachers should be
treated as professionals and spearheaded legislation that allow
for a similar tax credit at the federal level.
The fiscal impact to the General Fund is estimated at about
Name: Representative Tom Trail
STATEMENT OF PURPOSE/FISCAL NOTE H 530