ID H0558 | 2018 | Regular Session

Status

Spectrum: Partisan Bill (? 1-0)
Status: Introduced on February 13 2018 - 25% progression
Action: 2018-02-14 - Reported Printed and Referred to Revenue & Taxation
Pending: House Revenue and Taxation Committee
Text: Latest bill text (Introduced) [PDF]

Summary

TAXES -- Repeals, adds and amends existing law to provide for applicability of the Internal Revenue Code to different tax years; to allow to a taxpayer a carryforward for certain amounts disallowed in the calculation of next taxable income; to revise the calculation of net taxable income for corporations; to reduce the individual and corporate income tax rate.

Tracking Information

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Title

Repeals, adds and amends existing law to provide for applicability of the Internal Revenue Code to different tax years; to allow to a taxpayer a carryforward for certain amounts disallowed in the calculation of next taxable income; to revise the calculation of net taxable income for corporations; to reduce the individual and corporate income tax rate.

Sponsors


History

DateChamberAction
2018-02-14HouseReported Printed and Referred to Revenue & Taxation
2018-02-13HouseIntroduced, read first time, referred to JRA for Printing

Subjects


Idaho State Sources


Bill Comments

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