TallyIDAHOLegislative Tracker
H02512021 Regular SessionSigned into law

Amends existing law to revise provisions regarding the treatment of certain federal relief moneys when calculating Idaho taxable income.

INCOME TAX -- Amends existing law to revise provisions regarding the treatment of certain federal relief moneys when calculating Idaho taxable income.

INCOME TAX

STATEMENT OF PURPOSE

This bill makes all one-time federal relief monies provided to Idaho businesses in 2020 non-taxable except for emergency rental assistance program funds. This includes the Rebound Idaho Small Business Grants, forgiven Paycheck Protection Program loans, and Economic Injury Disaster Loan advance funds.

HOW THEY VOTED

house Chamber· Mar 2, 2021

House Third Reading

✓ Passed
63 Yea
4 Nay
3 absentPassed by 84.29 votes

LATEST ACTION

Reported Signed by Governor on March 18, 2021 Session Law Chapter 86 Effective: Retroactive to 01/01/2021

BILL INFO

Session
2021
Chamber
house
Status date
Mar 19, 2021

LINKS

View on Idaho Legislature ↗