Idaho · 68th Legislature, 1st Regular Session (2025) · Bill

H 40: TAXATION – Amends existing law to exempt certain precious metals from capital gains tax, lower the income tax rate, and exempt certain military benefits from income taxation.

Enacted Last action March 7, 2025: Reported Signed by Governor on March 6, 2025 Session Law Chapter 13 Effective: Retroactive to 01/01/2025

Plain-language summary

H 40 is a bill introduced in the Idaho House on January 23, 2025. According to its official title, it concerns: TAXATION – Amends existing law to exempt certain precious metals from capital gains tax, lower the income tax rate, and exempt certain military benefits from income taxation. Primary sponsor: REVENUE AND TAXATION COMMITTEE. Most recent recorded action (March 7, 2025): Reported Signed by Governor on March 6, 2025 Session Law Chapter 13 Effective: Retroactive to 01/01/2025.

Sponsors

Primary sponsor: REVENUE AND TAXATION COMMITTEE.