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H0664aa.............................................by REVENUE AND TAXATION
TAX CREDITS - Repeals and adds to existing law relating to income tax
credits for research activity; and to provide for carryover of credit for
research activity conducted in Idaho.
03/17 House intro - 1st rdg - to printing
03/18 Rpt prt - to Rev/Tax
03/19 Rpt out - rec d/p - to 2nd rdg
03/20 To Gen Ord
03/25 Rpt out amen - to engros
03/26 Rpt engros - 1st rdg - to 2nd rdg as amen
03/27 2nd rdg - to 3rd rdg as amen
Rls susp - PASSED - 54-10-6
AYES -- Andrus, Barrett, Bedke, Bell, Bilbao, Black, Block, Bock,
Bolz, Bowers, Brackett, Bradford, Chadderdon, Chew, Collins, Durst,
Hagedorn, Hart, Harwood, Henbest, Henderson, Jaquet, Killen, Kren,
Lake, Loertscher, Luker, Marriott, Mortimer, Moyle, Nielsen, Patrick,
Pence, Raybould, Roberts, Ruchti, Rusche, Sayler, Schaefer,
Shepherd(02), Shepherd(08), Shirley, Shively, Smith(30), Smith(24),
Stevenson, Thayn, Thomas, Trail, Vander Woude, Wills, Wood(27),
Wood(35), Mr. Speaker
NAYS -- Bayer, Chavez, Crane, King, LeFavour, Mathews, Nonini,
Pasley-Stuart, Ringo, Snodgrass
Absent and excused -- Anderson, Boe, Clark, Eskridge, Labrador,
McGeachin
Floor Sponsor - Collins
Title apvd - to Senate
03/27 Senate intro - 1st rdg - to Loc Gov
03/31 Rpt out - rec d/p - to 2nd rdg
04/01 2nd rdg - to 3rd rdg
Rls susp - PASSED - 29-3-3
AYES -- Andreason, Bair, Bastian, Bilyeu, Broadsword, Burkett,
Cameron, Corder, Darrington, Davis, Fulcher, Gannon (Gannon), Geddes,
Goedde, Hammond, Heinrich, Jorgenson, Kelly, Keough, Little, Lodge,
McGee, McKague, Pearce, Richardson, Siddoway, Stegner, Stennett, Werk
NAYS -- Langhorst, Malepeai(Sagness), Schroeder
Absent and excused -- Coiner, Hill, McKenzie
Floor Sponsor - Corder
Title apvd - to House
04/01 To enrol - Rpt enrol - Sp signed
04/02 Pres signed - To Governor
04/14 Governor VETOED
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]] Fifty-ninth Legislature Second Regular Session - 2008IN THE HOUSE OF REPRESENTATIVES HOUSE BILL NO. 664 BY REVENUE AND TAXATION COMMITTEE 1 AN ACT 2 RELATING TO INCOME TAX CREDITS FOR RESEARCH ACTIVITY; REPEALING SECTION 3 63-3029G, IDAHO CODE, RELATING TO CREDITS FOR RESEARCH ACTIVITIES CON- 4 DUCTED IN THIS STATE. 5 Be It Enacted by the Legislature of the State of Idaho: 6 SECTION 1. That Section 63-3029G, Idaho Code, be, and the same is hereby 7 repealed.
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]] Fifty-ninth Legislature Second Regular Session - 2008Moved by Lake Seconded by Collins IN THE HOUSE OF REPRESENTATIVES HOUSE AMENDMENT TO H.B. NO. 664 1 AMENDMENTS TO THE BILL 2 On page 1 of the printed bill, following line 7, insert: 3 "SECTION 2. That Chapter 30, Title 63, Idaho Code, be, and the same is 4 hereby amended by the addition thereto of a NEW SECTION, to be known and des- 5 ignated as Section 63-3029G, Idaho Code, and to read as follows: 6 63-3029G. CARRYOVER OF CREDIT FOR RESEARCH ACTIVITIES CONDUCTED IN THIS 7 STATE. A taxpayer entitled to the carryover of credit accruing pursuant to 8 section 63-3029G, Idaho Code, as in effect on December 31, 2008, for taxable 9 years beginning before January 1, 2009, shall be entitled to carryover the 10 credit in the amounts and subject to the limitations provided in section 11 63-3029G, Idaho Code, as in effect on December 31, 2009. 12 SECTION 3. This act shall be in full force and effect on and after January 13 1, 2009.". 14 CORRECTIONS TO TITLE 15 On page 1, in line 4, following "STATE" insert: "; AMENDING CHAPTER 30, 16 TITLE 63, IDAHO CODE, BY THE ADDITION OF A NEW SECTION 63-3029G, IDAHO CODE, 17 TO PROVIDE FOR CARRYOVER OF CREDIT FOR RESEARCH ACTIVITIES CONDUCTED IN THIS 18 STATE; AND PROVIDING AN EFFECTIVE DATE".
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]] Fifty-ninth Legislature Second Regular Session - 2008IN THE HOUSE OF REPRESENTATIVES HOUSE BILL NO. 664, As Amended BY REVENUE AND TAXATION COMMITTEE 1 AN ACT 2 RELATING TO INCOME TAX CREDITS FOR RESEARCH ACTIVITY; REPEALING SECTION 3 63-3029G, IDAHO CODE, RELATING TO CREDITS FOR RESEARCH ACTIVITIES CON- 4 DUCTED IN THIS STATE; AMENDING CHAPTER 30, TITLE 63, IDAHO CODE, BY THE 5 ADDITION OF A NEW SECTION 63-3029G, IDAHO CODE, TO PROVIDE FOR CARRYOVER 6 OF CREDIT FOR RESEARCH ACTIVITIES CONDUCTED IN THIS STATE; AND PROVIDING 7 AN EFFECTIVE DATE. 8 Be It Enacted by the Legislature of the State of Idaho: 9 SECTION 1. That Section 63-3029G, Idaho Code, be, and the same is hereby 10 repealed. 11 SECTION 2. That Chapter 30, Title 63, Idaho Code, be, and the same is 12 hereby amended by the addition thereto of a NEW SECTION, to be known and des- 13 ignated as Section 63-3029G, Idaho Code, and to read as follows: 14 63-3029G. CARRYOVER OF CREDIT FOR RESEARCH ACTIVITIES CONDUCTED IN THIS 15 STATE. A taxpayer entitled to the carryover of credit accruing pursuant to 16 section 63-3029G, Idaho Code, as in effect on December 31, 2008, for taxable 17 years beginning before January 1, 2009, shall be entitled to carryover the 18 credit in the amounts and subject to the limitations provided in section 19 63-3029G, Idaho Code, as in effect on December 31, 2009. 20 SECTION 3. This act shall be in full force and effect on and after January 21 1, 2009.
STATEMENT OF PURPOSE
RS 18123
The purpose of this legislation is to repeal Section 63-
3029G of Idaho Code which grants a 5% tax credit for research
activities. This legislation is the result of the
recommendations from the Interim Committee on Exemptions.
FISCAL NOTE
Estimated increase to general fund $1,399,000 for 2009.
Contact
Name: Representative Lake
Phone: 208.332.1000
STATEMENT OF PURPOSE/FISCAL NOTE H 664