Committee holds House Bill 412; introduces RS 32‑715 to clarify tax technical fixes and timing of $100M property tax relief

The House Revenue and Taxation Committee on Friday held House Bill 412 and introduced RS 32‑715 to clarify several technical income- and sales-tax provisions and to lock in timing for a $100 million property tax relief transfer.

Representative Jeff Ehlers, R‑District 21 of Meridian, told the committee the measures are largely clarifying and corrective language tied to earlier tax bills, including House Bill 40 on income tax relief, House Bill 304 on property tax relief and House Bill 354. He said the changes address definition issues, statute‑of‑limitations language and accounting treatment of a $330 million item used in revenue calculations.

Ehlers said the RS clarifies that the $100 million property tax relief will occur in calendar year 2025 and that the transfer will be…