HOUSE BILL NO. 16

2007 Legislation

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HOUSE BILL NO. 16 – Internal Revenue Code, reference

View Statement of Purpose / Fiscal Impact

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Bill Status


H0016...............................................by REVENUE AND TAXATION
INTERNAL REVENUE CODE - Amends existing law to update references to the
Internal Revenue Code for state income tax purposes.
                                                                        
01/16    House intro - 1st rdg - to printing
01/17    Rpt prt - to Rev/Tax
01/18    Rpt out - rec d/p - to 2nd rdg
01/19    2nd rdg - to 3rd rdg
01/23    3rd rdg - PASSED - 68-0-2
      AYES -- Anderson, Andrus, Barrett, Bayer, Bedke, Bell, Bilbao, Black,
      Block, Bock, Boe, Bolz, Brackett, Bradford, Chadderdon, Chavez, Chew,
      Collins, Crane, Durst, Edmunson, Eskridge, Hagedorn, Hart, Harwood,
      Henbest(Wallace), Henderson, Jaquet, Killen, King, Kren, Labrador,
      Lake, LeFavour, Loertscher, Luker, Marriott, Mathews, McGeachin,
      Mortimer, Moyle, Nielsen, Nonini, Pasley-Stuart, Patrick, Pence,
      Raybould, Ring, Ringo, Roberts, Ruchti, Rusche, Sayler, Schaefer,
      Shepherd(2), Shepherd(8), Shirley, Shively, Smith(30), Smith(24),
      Snodgrass, Stevenson, Thayn, Trail, Vander Woude, Wills, Wood(27),
      Wood(35)
      NAYS -- None
      Absent and excused -- Clark, Mr. Speaker
    Floor Sponsor - Harwood
    Title apvd - to Senate
01/24    Senate intro - 1st rdg - to Loc Gov
02/05    Rpt out - rec d/p - to 2nd rdg
02/06    2nd rdg - to 3rd rdg
02/08    3rd rdg - PASSED - 33-0-2
      AYES -- Andreason, Bair, Bastian, Bilyeu, Broadsword, Burkett,
      Cameron, Corder, Darrington, Fulcher, Gannon, Geddes, Goedde,
      Hammond, Heinrich, Hill, Jorgenson, Kelly, Keough, Langhorst, Little,
      Lodge, Malepeai, McGee, McKague, McKenzie, Pearce, Richardson,
      Schroeder, Siddoway, Stegner, Stennett, Werk
      NAYS -- None
      Absent and excused -- Coiner, Davis
    Floor Sponsor - McKague
    Title apvd - to House
02/09    To enrol
02/12    Rpt enrol - Sp signed - Pres signed
02/13    To Governor
02/14    Governor signed
         Session Law Chapter 13
         Effective: 01/01/07

Bill Text


                                                                        
                                                                        
  ]]]]              LEGISLATURE OF THE STATE OF IDAHO             ]]]]
 Fifty-ninth Legislature                   First Regular Session - 2007
                                                                        
                                                                        
                              IN THE HOUSE OF REPRESENTATIVES
                                                                        
                                     HOUSE BILL NO. 16
                                                                        
                             BY REVENUE AND TAXATION COMMITTEE
                                                                        
  1                                        AN ACT
  2    RELATING TO INCOME TAXES; AMENDING SECTION 63-3004, IDAHO CODE, TO UPDATE REF-
  3        ERENCES TO THE INTERNAL REVENUE CODE; DECLARING AN EMERGENCY AND PROVIDING
  4        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, 20067.
 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, 2007.

Statement of Purpose / Fiscal Impact


    Reprint          Reprint         Reprint         Reprint


                      STATEMENT OF PURPOSE

                            RS 16530

This is the annual bill to update references to the Internal
Revenue Code (IRC).  The bill will conform the Idaho income tax
to changes made to the IRC after January 1, 2006, including the
"Tax Increase Prevention and Reconciliation Act of 2006," the
"Pension Protection Act of 2006," and "The Tax Relief and Health
Care Act 2006."  


                          FISCAL NOTE

     FY 2008:  Negative $250,000 to the general fund.  


     
CONTACT
Name:     Dan John/Ted Spangler
Agency:   State Tax Commission
Phone:    (208) 334-7500
                                            

STATEMENT OF PURPOSE/FISCAL NOTE                               H 16