House Bill 251 — Income tax, federal relief moneys

House Bill 251 — Income tax, federal relief moneys

Parrish Miller
February 26, 2021

Bill Description: House Bill 251 exempts loans received from the Paycheck Protection Program from state income tax and makes rental assistance taxable. 

Rating: 0

Does it directly or indirectly create or increase any taxes, fees, or other assessments? Conversely, does it eliminate or reduce any taxes, fees, or other assessments?

House Bill 213 amends Section 63-3022, Idaho Code, to exempt from Idaho income tax "funds received or loans forgiven pursuant to the provisions of the coronavirus aid, relief, and economic security act, P.L. 116-136." It also exempts "loans forgiven pursuant to the paycheck protection program and health care enhancement act, P.L. 116-139, including economic injury disaster loan advance funds, and the paycheck protection program flexibility act of 2020, P.L. 116-142."


House Bill 213 further amends Section 63-3022, Idaho Code, to make subject to the Idaho income tax any "funds received pursuant to the emergency rental assistance program established by section 501 of division N of the consolidated appropriations act, 2021, P.L. 116-260."


Analyst Note: Idaho could choose to exclude all federal relief money from state income tax, thereby increasing the benefit to Idahoans and adopting a clear and comprehensive policy favoring tax relief. Instead, House Bill 213 picks winners and losers, offering tax relief to some and not to others. 

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