HOUSE BILL 59
RS29930 / H0059
This bill closes a loophole with the Idaho Investment Tax Credit (ITC) for mobile property – meaning property used both inside and outside of Idaho. The credit is pro-rated for mobile property since the property is not used 100% of the time in Idaho. The pro-rated calculation is done using the percentage-of-use method or the property factor method. The percentage-of-use method has a provision to ensure a pro-rated calculation occurs if property is placed in service in the last 90 days prior to year-end. The property factor method does not have this 90-day provision, meaning a property placed in service on the last 90 days of the year could get the full credit as-if the property is used 100% in Idaho. This bill makes the pro-rated calculation consistent between the two methods by adding the 90-days provision language in the percentage-of-use method to the property factor method.
The fiscal impact is estimated to be a $363,000 increase to revenue collected for the 2023 fiscal year and each year going forward.
| Date | Description |
|---|---|
| 01/31 | Introduced, read first time, referred to JRA for Printing |
| 02/01 | Reported Printed and Referred to Revenue & Taxation |
| 02/14 | Reported out of Committee with Do Pass Recommendation, Filed for Second Reading |
| 02/15 | Read second time; Filed for Third Reading |
| 02/16 | Read Third Time in Full – PASSED - 67-0-3 AYES – Alfieri, Allgood, Andrus, Barbieri, Berch, Blanksma, Boyle, Bundy, Burns, Cannon, Cheatum, Chew, Clow, Dixon(1), Dixon(24), Durrant, Ehardt, Ehlers, Erickson, Furniss, Galaviz, Gallagher, Gannon, Garner, Green, Handy, Hawkins, Healey, Hill, Holtzclaw, Horman, Kingsley, Lambert, Lanting, Manwaring, Mathias, McCann, Mendive, Mickelsen, Miller, Mitchell, Monks, Nash, Necochea, Nelsen, Palmer, Petzke, Pickett, Price, Raybould, Raymond, Redman, Roberts, Rubel, Sauter, Scott, Shepherd, Skaug, Tanner, Vander Woude, Weber, Wheeler, Wisniewski, Wroten, Yamamoto, Young, Mr. Speaker NAYS – None Absent – Cornilles, Crane(12), Crane(13) Floor Sponsor - Ehlers Title apvd - to Senate |
| 02/17 | Received from the House passed; filed for first reading |
| Introduced, read first time; referred to: Local Government & Taxation | |
| 03/01 | Reported out of Committee with Do Pass Recommendation; Filed for second reading |
| 03/02 | Read second time; filed for Third Reading |
| 03/13 | Read third time in full – PASSED - 27-7-1 AYES – Anthon, Bernt, Bjerke, Burtenshaw, Cook, Den Hartog, Grow, Guthrie, Harris, Hartgen, Just, Lakey, Lee, Lent, Okuniewicz, Rabe, Ricks, Ruchti, Schroeder, Semmelroth, Taylor, Toews, Trakel, VanOrden, Ward-Engelking, Winder, Wintrow NAYS – Carlson, Foreman, Hart, Herndon, Lenney, Nichols, Zuiderveld Absent and excused – Adams Floor Sponsor - Grow Title apvd - to House |
| Returned from Senate Passed; to JRA for Enrolling | |
| 03/14 | Reported Enrolled; Signed by Speaker; Transmitted to Senate |
| Received from the House enrolled/signed by Speaker | |
| Signed by President; returned to House | |
| 03/15 | Returned Signed by the President; Ordered Transmitted to Governor |
| 03/16 | Delivered to Governor at 12:25 p.m. on March 15, 2023 |
| 03/20 | Reported Signed by Governor on March 16, 2023 Session Law Chapter 33 Effective: Retroactive to 01/01/2023 |