First bill passes Idaho House -- income tax conformance with IRS

After a brief delay to return the measure to committee for a hearing, the House approved its annual conformance measure.

"This just uncomplicates the matter of filing your tax return," said House Bill 1's sponsor, Rep. Dell Raybould, R-Rexburg.

The bill was returned to committee Tuesday for a hearing, after some lawmakers had questions, including whether conformance would ensnare Idaho in enforcing provisions of the Affordable Care Act. That is not the case, Raybould told the House Thursday.

The House Revenue & Taxation Committee approved the bill unanimously, as did the full House on a 67-0 vote.

Assuming the bill passes the Senate and is signed by the governor, Idaho taxpayers use their adjusted gross income from their federal tax returns on the Idaho return. They also will be able to use the same depreciation schedules, rather than keep two sets of books.

Will they put a spin on it?


This brouhaha could have been prevented...communication?