Bill Summary
The bill proposes several amendments to existing tax laws, including adjustments to market value assessment rules, expansion of tax deductions for military retirement, and a reduction in corporate income tax rates. It also revises tax collection and assessment periods, modifies sales tax distribution, and updates fund transfer provisions between various state accounts. Some sections of the bill have immediate effect, others are retroactive, and additional provisions are set to activate in future years.
Overall Summary
The bill’s changes largely align with the principles of fiscal responsibility, reduced taxation, and efficient government operation as outlined in the metrics. It aims to provide tax relief, clarify tax regulations, and optimize revenue allocation, which supports the goals of reducing government size and promoting private sector growth.
Reason for Rating
ARTICLE I. RESPONSIBILITY IN GOVERNMENT (Rating: 1)
The bill's reduction in corporate income tax and clarification of tax regulations align with the principles of fiscal responsibility and reduced government size. The expansion of tax deductions for military retirement also supports fiscal responsibility by potentially stabilizing personal finances for veterans.
ARTICLE II. CITIZEN INVOLVEMENT IN GOVERNMENT (Rating: 0)
The bill primarily focuses on taxation and does not directly address issues related to citizen involvement in government processes or election laws.
ARTICLE III. EDUCATION (Rating: 0)
The bill does not address educational policies or funding directly, focusing instead on taxation and financial regulations.
ARTICLE IV. AGRICULTURE (Rating: 0)
There are no direct implications for agriculture in the bill's amendments to tax laws.
ARTICLE V. WATER (Rating: 0)
The bill does not address water rights or management, focusing solely on taxation issues.
ARTICLE VI. NATURAL RESOURCES AND ENVIRONMENT (Rating: 0)
The bill does not include provisions related to natural resources or environmental policies.
ARTICLE VII. ENERGY (Rating: 0)
The bill does not contain measures affecting energy policies or infrastructure.
ARTICLE VIII. IDAHO NATIONAL LABORATORIES (Rating: 0)
There are no changes in the bill that directly impact the operations or funding of national laboratories.
ARTICLE IX. PRIVATE PROPERTY RIGHTS (Rating: 0)
The bill does not address issues related to private property rights.
ARTICLE X. STATE AND FEDERAL LANDS (Rating: 0)
The bill does not discuss state or federal land management.
ARTICLE XI. WILDLIFE MANAGEMENT (Rating: 0)
There are no provisions in the bill related to wildlife management.
ARTICLE XII. ECONOMY (Rating: 1)
The bill's provisions for tax reduction and clarification align with the goal of enhancing economic growth through a competitive market free from undue governmental interference.
ARTICLE XIII. HEALTH AND WELFARE (Rating: 0)
The bill does not address health care policies or welfare programs.
ARTICLE XIV. AMERICAN FAMILY (Rating: 0)
The bill does not include changes that directly impact family policies or social programs.
ARTICLE XV. OLDER AMERICANS (Rating: 0)
There are no specific provisions in the bill that directly affect policies or programs for older Americans.
ARTICLE XVI. LAW AND ORDER WITH JUSTICE (Rating: 0)
The bill focuses on tax law amendments and does not involve criminal justice or law enforcement policies.
ARTICLE XVII. NATIONAL DEFENSE – SECURING THE BORDER (Rating: 0)
The bill does not address national defense or border security issues.
ARTICLE XVIII. ELECTION OF JUDGES AND IDAHO SUPREME COURT JUSTICES (Rating: 0)
The bill does not involve judicial appointments or the election process for judges.
ARTICLE XIX. RELIGIOUS LIBERTY (Rating: 0)
There are no changes in the bill that affect religious freedoms or the exercise of religion.
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