Idaho Capitol Watch
HB 435: TAXATION – Amends House Bill 40, House Bill 304, and existing law to revise provisions regarding certain tax deductions, certain corporate income tax rates, certain protections for taxpayers, and certain sales tax distributions and to revise an effective date.
Trailer bill amending H40, H304, H354 and tax code to reduce corporate income tax to 5.3% effective 2025, revise retirement benefit deductions including military pay, strengthen taxpayer protections on interest accrual and statutes of limitations, adjust sales tax distributions, and modify tax relief fund transfers.
Status
Referred to Committee (Senate) (April 3, 2025) · Originated in the Idaho House · Introduced March 21, 2025
Sponsors
- REVENUE AND TAXATION COMMITTEE
Committees
- JRA for Printing
Bill history
- March 25, 2025 — Senate: Introduced, read first time; referred to: Local Government & Taxation
- March 31, 2025 — Senate: Reported out of committee; to 14th Order for amendment (amended)
- March 31, 2025 — Senate: Amendments ordered printed (amended)
- March 31, 2025 — Senate: Reported out as amended; filed for first reading (amended)
- March 31, 2025 — Senate: Amendments reported printed (amended)
- March 31, 2025 — Senate: Read first time as amended in the Senate; Filed for Second Reading (amended)
- April 1, 2025 — Senate: Read second time as amended in the Senate, filed for Third Reading (amended)
- April 3, 2025 — Senate: Recommitted to Local Government & Taxation
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