Idaho Capitol Watch
HB 479: 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 HB 40 and HB 304 to revise military retirement deductions, lower corporate tax rate to 5.3% for 2025, extend tax assessment limitations, modify interest accrual rules, adjust sales tax distributions, and revise fund transfers with staggered effective dates.
Status
Signed by Governor (April 4, 2025) · Originated in the Idaho House · Introduced April 1, 2025
Sponsors
- REVENUE AND TAXATION COMMITTEE
Committees
- JRA for Printing
Bill history
- April 3, 2025 — Senate: Reported out of Committee with Do Pass Recommendation; Filed for second reading (do_pass)
- April 3, 2025 — Senate: Rules Suspended (2/3 Vote - Read in full as required) – PASSED - 34-0-1AYES – Adams, Anthon, Bernt, Bjerke, Blaylock, Burtenshaw, Carlson, Cook, Den Hartog, Foreman, Galloway, Grow, Guthrie, Harris, H (passed)
- April 3, 2025 — House: Reported Enrolled; Signed by Speaker; Transmitted to Senate
- April 3, 2025 — Senate: Received from the House enrolled/signed by Speaker
- April 3, 2025 — Senate: Signed by President; returned to House
- April 4, 2025 — Senate: Returned Signed by the President; Ordered Transmitted to Governor
- April 4, 2025 — Senate: Delivered to Governor at 10:36 a.m. on April 4, 2025
- April 4, 2025 — Senate: Reported Signed by Governor on April 4, 2025 Session Law Chapter 302 Effective: Retroactive to 01/01/2025 SECTION 1 & 2; 04/04/2025 SECTION 8; 07/01/2025 SECTION 3-7
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