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Lawmakers press DFM on tax‑conformity estimate and R&E treatment
Summary
During the JFAC budget hearing officials debated whether Idaho should adopt federal tax changes as a straight conformity or preserve the state's existing R&D tax credit; DFM and Tax Commission analysis produced a $155 million estimate assuming Jan. 1, 2026 conformity and avoidance of a federal expensing carryback.
Lawmakers on the Joint Finance‑Appropriations Committee pressed Division of Financial Management officials and LSO staff about the projected cost of conforming Idaho tax law to recent federal changes and how Idaho should treat research and experimental (R&E/R&D) tax benefits.
Keith Viby (LSO) and Laurie Wolf (DFM) said the administration relied on Tax Commission analysis and selected a middle‑ground estimate of $155 million in ongoing impact, assuming conformity…
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