House Bill 624

(signed by Governor Otter on March 20, 2018)

Idaho conforms to some of the federal tax breaks that Congress extended as part of the federal budget reconciliation. The Idaho law extends the sunset date of 11 deductions that Idaho normally conforms to.

Below is a list of Internal Revenue Codes that Idaho conforms to for 2017 and their description.

IRC Description 108 Exclusion from gross income of principal residence debt relief 163 Mortgage insurance premium deduction 222 Qualified tuition deduction (On Form 40, it's included in your federal adjusted gross income. On Form 43, report on line 22.) 168(e) 3-year depreciation of certain race horses 168(i) 7-year recovery for motorsports complexes 179E Mine safety expense deduction 199 Puerto Rico production deductions 199 168(e) 5-year cost recovery for energy property 179D Energy efficient commercial building expenses 181 Film, television, and theater production cost deductions 451 State energy restructuring

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House Bill 624

Official source

(signed by Governor Otter on March 20, 2018)

Idaho conforms to some of the federal tax breaks that Congress extended as part of the federal budget reconciliation. The Idaho law extends the sunset date of 11 deductions that Idaho normally conforms to.

Below is a list of Internal Revenue Codes that Idaho conforms to for 2017 and their description.

IRC Description 108 Exclusion from gross income of principal residence debt relief 163 Mortgage insurance premium deduction 222 Qualified tuition deduction (On Form 40, it's included in your federal adjusted gross income. On Form 43, report on line 22.) 168(e) 3-year depreciation of certain race horses 168(i) 7-year recovery for motorsports complexes 179E Mine safety expense deduction 199 Puerto Rico production deductions 199 168(e) 5-year cost recovery for energy property 179D Energy efficient commercial building expenses 181 Film, television, and theater production cost deductions 451 State energy restructuring