2025 Regular Session • Idaho Legislature
H0040: 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.
Legislative Summary
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.
Demographic Impact
Overall analysis of equity impact
60% Positive
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Bill History
1/23/2025
Introduced, read first time, referred to JRA for Printing
House of Representatives
1/24/2025
Reported Printed and Referred to Revenue & Taxation
House of Representatives
1/30/2025
Reported out of Committee with Do Pass Recommendation, Filed for Second Reading
House of Representatives
1/31/2025
Read second time; Filed for Third Reading
House of Representatives
2/3/2025
Read Third Time in Full -- PASSED 63-7-0
House of Representatives
2/3/2025
Title apvd
House of Representatives
2/3/2025
to Senate
House of Representatives
2/4/2025
Received from the House passed; filed for first reading
Senate
2/4/2025
Introduced, read first time; referred to: Local Government & Taxation
Senate
2/14/2025
Reported out of Committee with Do Pass Recommendation; Filed for second reading
Senate
2/17/2025
Read second time; filed for Third Reading
Senate
3/4/2025
Read third time in full -- PASSED 27-8-0
Senate
3/4/2025
Title apvd
Senate
3/4/2025
to House
Senate
3/4/2025
Returned from Senate Passed; to JRA for Enrolling
House of Representatives
3/4/2025
Reported Enrolled; Signed by Speaker; Transmitted to Senate
House of Representatives
3/5/2025
Received from the House enrolled/signed by Speaker
Senate
3/5/2025
Signed by President; returned to House
Senate
3/5/2025
Returned Signed by the President; Ordered Transmitted to Governor
House of Representatives
3/7/2025
Delivered to Governor at 11:41 a.m. on March 5, 2025
House of Representatives
3/7/2025
Reported Signed by Governor on March 6, 2025 Session Law Chapter 13 Effective: Retroactive to 01/01/2025
House of Representatives
Roll Call Votes
Senate Third Reading
3/4/2025
27
Yea
8
Nay
0
Not Voting
0
Absent
Result: PASSED
House Third Reading
2/3/2025
63
Yea
7
Nay
0
Not Voting
0
Absent
Result: PASSED
Status Information
Current Status
Passed(3/7/2025)
Chamber
House of Representatives
Sponsors
Republican: 34
Primary Sponsor

Doug Ricks
Republican
Co-Sponsors (33)
Dori Healey
Republican
Kelly Anthon
Republican
Vito Barbieri
Republican
Lori Den Hartog
Republican
Rob Beiswenger
Republican
Mark Harris
Republican
Chris Bruce
Republican
Ben Toews
Republican
Tanya Burgoyne
Republican
David Cannon
Republican
Lucas Cayler
Republican
Jaron Crane
Republican
Barbara Ehardt
Republican
Jeff Ehlers
Republican
Ted Hill
Republican
James Holtzclaw
Republican
Wendy Horman
Republican
Clint Hostetler
Republican
David Leavitt
Republican
Steve Miller
Republican
Brandon Mitchell
Republican
Jason Monks
Republican
Mike Moyle
Republican
Joe Palmer
Republican
Douglas Pickett
Republican
Elaine Price
Republican
Cornel Rasor
Republican
Jordan Redman
Republican
Heather Scott
Republican
John Shirts
Republican
Bruce Skaug
Republican
Josh Tanner
Republican
John Vander Woude
Republican