TITLE 44

LABOR

CHAPTER 28

PORTABLE BENEFIT PLAN ACT

44-2804.  tax implications. (1) A hiring party that contributes funds to a portable benefit account pursuant to section 44-2803(3)(a) or (b), Idaho Code, may deduct as a business expense an amount equal to one hundred percent (100%) of any such contributions during the applicable tax year.

(2)  An independent contractor may exclude from taxable income an amount equal to one hundred percent (100%) of the amount contributed by a hiring party pursuant to section 44-2803(3)(a) or (b), Idaho Code, during the applicable tax year.

History:

[44-2804, added 2026, ch. 106, sec. 1, p. 552.]