2025 Regular SessionIdaho 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
Medium ConfidenceView detailed demographic breakdown ↓

Unlock Full Demographic Insights

Go beyond the overall score.

Gain a deeper understanding of this bill's potential impact across diverse communities, including detailed breakdowns by category and subgroup. Access to this granular analysis helps ensure equitable outcomes.

Enable full analysis features for your organization.

Contact Sales to Learn More

Or email us directly at sales@legiequity.us.

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