H02132021 Regular Session
Amends existing law to revise provisions regarding Idaho taxable income.
INCOME TAXES -- Amends existing law to revise provisions regarding Idaho taxable income.
IntroducedIn CommitteeFloor VoteEnacted
STATEMENT OF PURPOSE
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This bill makes the Rebound Idaho Small Business Grants issued during 2020 nontaxable for state income tax purposes. This bill makes forgiven Paycheck Protection Program loans issued during 2020 nontaxable for state income tax purposes.
LATEST ACTION
U.C. to be returned to Revenue & Taxation Committee
BILL INFO
- Session
- 2021
- Chamber
- house
- Status date
- Feb 18, 2021
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H0058Amends existing law to revise provisions regarding the Internal Revenue Code.H0217Adds to existing law to provide for a rebuttable presumption regarding evidence of expenditures.H0332Amends existing law to revise provisions regarding income tax rates and the Tax Relief Fund and to provide for a onetime income tax rebate.H0295Adds to existing law to establish provisions regarding the affected business entity tax.