2016 Idaho Statutes
Title 63 - REVENUE AND TAXATION
Chapter 30 - INCOME TAX
Section 63-3067C - SUNSETTING DESIGNATIONS.

63-3067C. Sunsetting designations. (1) The designations referred to in section 63-3067A or 63-3067B, Idaho Code, shall expire and no longer appear on the income tax return form when:

(a) For each of two (2) consecutive calendar years, the amount received by the state tax commission that is designated for a particular trust fund named in section 63-3067A or 63-3067B, Idaho Code, fails to equal or exceed twenty-five thousand dollars ($25,000); and

(b) After one (1) year when collections fail to equal or exceed twenty-five thousand dollars ($25,000), the tax commission has notified the appropriate agency that:

(i) The amount received by the state tax commission that is designated for that particular trust fund failed to equal or exceed twenty-five thousand dollars ($25,000); and

(ii) If the amount received by the state tax commission that is designated for the particular trust fund in the next subsequent year fails to equal or exceed twenty-five thousand dollars ($25,000).

(2) As used in this section, "appropriate agency" means the agency of the state of Idaho that is responsible for administering the programs benefiting from the fund to which amounts designated under section 63-3067A or 63-3067B, Idaho Code, are distributed. If no agency of the state of Idaho has such responsibility, the term means such other private or public entity that is the principal beneficiary of the funds.

History:

[63-3067C, added 1997, ch. 177, sec. 1, p. 495.]