Repeals, adds to and amends existing law to provide for applicability of the Internal Revenue Code to different tax years; to revise the calculation of a net operating loss; to revise the calculation of net taxable income for corporations; to reduce the individual and corporate income tax rate; and to provide for a child tax credit.
TAXES -- Repeals, adds to and amends existing law to provide for applicability of the Internal Revenue Code to different tax years; to revise the calculation of a net operating loss; to revise the calculation of net taxable income for corporations; to reduce the individual and corporate income tax rate; and to provide for a child tax credit.
STATEMENT OF PURPOSE
Repeals, adds to and amends existing law to provide for applicability of the Internal Revenue Code to different tax years; to revise the calculation of a net operating loss; to revise the calculation of net taxable income for corporations; to reduce the individual and corporate income tax rate; and to provide for a child tax credit. was introduced in the 2018 Idaho Legislative Session. The most recent floor vote was 26-9 (passed). View the full bill text on the Idaho Legislature website.
HOW THEY VOTED
Senate Third Reading
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YEA (26)
LATEST ACTION
Reported Signed by Governor on March 12, 2018 Session Law Chapter 46 Effective: Retroactive to 01/01/2018
BILL INFO
- Session
- 2018
- Chamber
- house
- Status date
- Mar 12, 2018
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