Amends existing law to revise provisions regarding filing for certain income tax refunds or credits.

This legislation would amend Title 63, Chapter 30, Idaho Code. Currently, there is a three-year statute of limitations to make a claim for credit or for refund of certain overpaid taxes. By contrast, Idaho taxpayers are responsible for underpaid taxes—plus penalties and interest—for a ten-year window. This legislation would extendthestatuteoflimitationsrelatingtoclaimsforcreditofoverpaidtaxes, allowingthemtobeoffsetagainst taxes due.