STATEMENT OF PURPOSE
RS30675 / H0332
This bill would replace the property tax on electric utilities with a gross receipts tax at 1.2% rate on gross retail
revenues, Idaho Code has similar gross receipt taxes in lieu of property tax for cooperative electric and gas
companies and geothermal, solar, and wind energy producers.
FISCAL NOTE
In order to keep county and taxing district budgets initially unimpacted by this bill, there would be a onetime
$9,026,738 impact to the General Fund. This amount would offset the impact to counties and taxing districts
in full for calendar year 2024, would cover 67% of the impact in calendar year 2025, and would cover 33% of
the impact in calendar year 2026. Thereafter the counties and taxing districts would see an impact of around
$4 million annually.
Contact:
Representative Jason A. Monks
(208) 332-1000
DISCLAIMER: This statement of purpose and fiscal note are a mere attachment to this bill and prepared by a proponent
of the bill. It is neither intended as an expression of legislative intent nor intended for any use outside of the legislative
process, including judicial review (Joint Rule 18).
Statement of Purpose / Fiscal Note Bill SOP/FN INTRODUCED: 03/16/2023, 10:01 AM


Statutes affected:
Bill Text: 63-602JJ, 63-3501, 63-3502, 63-3504, 63-3505, 63-3506