Internal revenue code, definition
TAXATION – Amends existing law to revise the definition of “Internal Revenue Code.”

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.

Bill Events
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