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House Bill 445 — Tax deficiencies, interest

House Bill 445 — Tax deficiencies, interest

Parrish Miller
January 31, 2024

Bill Description: House Bill 445 would prevent the accrual of interest for a tax deficiency before the deficiency is determined or while is is on appeal before the state tax commission. 

Rating: +1

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 445 would amend Section 63-3045, Idaho Code, to say, "Interest on deficiencies shall not accrue for any period beginning on the date on which the state tax commission sends written notice that an audit is being initiated until the date of the issuance of a notice of deficiency determination. Nor shall interest on deficiencies accrue for any period between the issuance of a notice of deficiency determination that is subject to a perfected protest and the final determination of the deficiency by the state tax commission following the state tax commission's disposition of the protest."

According to the bill's fiscal note, this change will save taxpayers facing allegations of deficiencies approximately $1.1 million per year.


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