HOUSE BILL 385
RS30812 / H0385
This bill relates to income taxes. It is the annual bill to update references to the Internal Revenue Code (IRC). The bill conforms the Idaho Income tax code to changes made to the IRC that affect the 2023 tax year. The Idaho income tax code uses federal taxable income as a starting point for both businesses and individuals. Our tax forms use federal adjusted gross income as a starting point. Idaho uses a static conformity to a specific date, currently January 1, 2023. This bill updates Idaho Code section 63-3004, to January 1, 2024. Using Federal taxable income as a starting point saves a tremendous amount of duplicate work. The Idaho Legislature can still decide to which items it will conform to. Not conforming at all would cause a lot of extra work and confusion for individuals, businesses, and the tax preparation industry.
This legislation will have no impact on the state’s General fund or any dedicated fund or federal fund because there are no current federal changes to the IRC for review at this time.
| Date | Description |
|---|---|
| 01/10 | Introduced, read first time, referred to JRA for Printing |
| 01/11 | Reported Printed and Referred to Revenue & Taxation |
| 01/15 | Reported out of Committee with Do Pass Recommendation, Filed for Second Reading |
| 01/16 | Read second time; Filed for Third Reading |
| 01/17 | Read Third Time in Full – PASSED - 58-8-4 AYES – Alfieri, Allgood, Andrus, Barbieri, Blanksma, Boyle, Burns, Cannon, Cheatum, Chew(Wilson), Clow, Cornilles, Crane(12), Crane(13), Dixon(24), Durrant, Ehlers, Erickson, Furniss, Galaviz, Gannon, Garner, Green, Handy, Hawkins, Healey, Hill, Horman, Kingsley, Lanting, Mathias, McCann, Mendive, Mickelsen, Miller, Mitchell(Schoenberg), Monks, Nash(Coberly), Necochea, Nelsen, Palmer, Petzke, Pickett, Raybould, Raymond, Redman, Roberts, Rubel, Sauter, Shepherd, Skaug, Vander Woude, Weber, Wheeler, Wisniewski, Wroten, Yamamoto, Mr. Speaker NAYS – Dixon(1), Ehardt, Gallagher, Lambert, Price, Scott, Tanner, Young Absent – Berch, Bundy, Holtzclaw, Manwaring Floor Sponsor - Ehlers Title apvd - to Senate |
| 01/18 | Received from the House passed; filed for first reading |
| 01/18 | Introduced, read first time; referred to: Local Government & Taxation |
| 01/24 | Reported out of Committee with Do Pass Recommendation; Filed for second reading |
| 01/25 | Read second time; filed for Third Reading |
| 01/26 | Read third time in full – PASSED - 34-0-1 AYES – Adams, Anthon, Bernt, Bjerke, Burtenshaw, Carlson, Cook, Den Hartog, Egbert(Semmelroth), Foreman, Grow, Guthrie, Hart, Hartgen, Herndon, Just, Lakey, Lee, Lenney, Lent, Nichols, Okuniewicz, Rabe, Ricks, Ruchti, Schroeder, Taylor, Toews, Trakel, VanOrden, Ward-Engelking, Winder, Wintrow, Zuiderveld NAYS – None Absent and excused – Harris Floor Sponsor - Grow Title apvd - to House |
| 01/29 | Returned from Senate Passed; to JRA for Enrolling |
| 01/30 | Reported Enrolled; Signed by Speaker; Transmitted to Senate |
| 01/30 | Received from the House enrolled/signed by Speaker |
| 01/30 | Signed by President; returned to House |
| 01/31 | Returned Signed by the President; Ordered Transmitted to Governor |
| 02/01 | Delivered to Governor at 11:35 a.m. on January 31, 2024 |
| 02/02 | Reported Signed by Governor on February 1, 2024 Session Law Chapter 1 Effective: Retroactive to 01/01/2024 |