House Bill 355

(signed by Governor Otter on Feb. 9, 2018)

In addition to the normal conformity, Idaho also conforms to:

The provision that lowers the threshold to claim medical expenses from 10% down to 7.5%.

The provision that requires taxpayers to report and pay tax on the repatriation of previously unreported overseas earnings that could apply to 2017. Taxpayers who file on a water’s-edge basis should attach their IRC 965 Transition Tax Statement to their Idaho return.

Idaho still doesn’t conform to bonus depreciation.