S12412024 Regular Session
Amends and adds to existing law to establish exemptions from certain licensing and taxation for businesses owned by young entrepreneurs.
BUSINESS -- Amends and adds to existing law to establish exemptions from certain licensing and taxation for businesses owned by young entrepreneurs.
BUSINESS
STATEMENT OF PURPOSE
The Idaho Young Entrepreneurs Act prohibits local governments from requiring licenses, permits or fees of infrequent, youth owned and managed businesses. The legislation exempts infrequent, youth run businesses from sales tax collections.
LATEST ACTION
Reported Printed; referred to Local Government & Taxation