House Bill 21 — Businesses, licensing, tax exempt

House Bill 21 — Businesses, licensing, tax exempt

by
Parrish Miller
January 25, 2021

Bill Description: House Bill 21 makes it clear that small businesses owned and operated by minors are exempt from licensing, permitting, or fee requirements imposed by a city.

Rating: +2

Does it increase barriers to entry into the market? Examples include occupational licensure, the minimum wage, and restrictions on home businesses. Conversely, does it remove barriers to entry into the market?

House Bill 21 amends Section 50-307, Idaho Code, to make it clear that "A business owned and operated exclusively by a person or persons under eighteen (18) years of age is exempt from any licensing, permitting, or fee requirements imposed by a city."

This prevents cities from attempting to shut down or impose unreasonable impediments on lemonade stands, lawn mowing businesses, and similar enterprises run by kids. 

(+1)

House Bill 21 amends Section 63-3622K, Idaho Code, to clarify that "sales by a business owned and operated exclusively by a person or persons under eighteen (18) years of age" are exempt from sales tax collection "as long as the gross receipts of the business do not exceed ten thousand dollars ($10,000) per year."

(+1)

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