RS29677 / H0715
This legislation would amend Title 63, Chapter 30, Idaho Code. Currently, there is a three-year statute of
limitations to make a claim for credit or for refund of certain overpaid taxes. By contrast, Idaho taxpayers are
responsible for underpaid taxes—plus penalties and interest—for a ten-year window. This legislation would
extend the statute of limitations relating to claims for credit of overpaid taxes, allowing them to be offset against
taxes due.
The cost to the general fund will be up to $1M per year, representing a reduction in tax revenue caused by the
granting of claims for credit which have historically been barred by the three-year statute of limitations and
which will now be allowed as a result of expanding the time frame that said claims can be made.
Representative David M. Cannon
(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: 03/01/2022, 9:35 AM

Statutes affected:
Bill Text: 63-3072