HOUSE BILL 332
Rate-regulated utility taxes
ELECTRIC UTILITIES – Amends and adds to existing law to provide for a tax on gross utility electrical earnings and to establish the Rate-Regulated Electric Utility Tax Replacement Fund.
RS30675 / H0332
This bill would replace the property tax on electric utilities with a gross receipts tax at 1.2% rate on gross retail revenues, Idaho Code has similar gross receipt taxes in lieu of property tax for cooperative electric and gas companies and geothermal, solar, and wind energy producers.
|03/16||Introduced, read first time, referred to JRA for Printing|
|Reported Printed and Referred to Revenue & Taxation|