This bill allocates state funding to Idaho's Natural Resources agencies for fiscal year 2027, covering operations, personnel, and capital projects across departments like Environmental Quality, Fish and Game, and Parks and Recreation. It establishes specific spending limits on certain positions, requires agencies to report on remediation projects, and directs money from the Water Pollution Control Fund to environmental remediation and agricultural best management practice funds. The legislation also provides flexibility to reappropriate certain recovery funds, exempts some appropriations from transfer restrictions, and sets up new funds for aquifer planning and flood management while requiring accountability reports on fund usage.
This bill appropriates state funding to Idaho's Department of Health and Welfare and the State Independent Living Council for fiscal year 2027, covering programs like Medicaid, child welfare, mental health services, and substance abuse treatment. It establishes specific budget allocations for various divisions including youth safety, early learning, family partnerships, and benefit payments, while also setting limits on the number of authorized full-time positions. The legislation includes requirements for program integrity, monthly Medicaid tracking reports, and specific fund transfers to support initiatives such as rural physician incentives and smoking cessation programs.
This Idaho bill updates the state's tax code to align with the current Internal Revenue Code (IRC), specifically revising how businesses calculate taxable income related to depreciation and research credits. It directly affects Idaho businesses and taxpayers claiming bonus depreciation or research activity credits, ensuring adjustments prevent double tax benefits when federal loss limitations apply. Key provisions include modifying how bonus depreciation deductions are handled for Idaho tax purposes (e.g., adding back unused federal depreciation when losses are later deducted) and updating research credit rules for activities conducted in Idaho. The changes apply retroactively to certain tax years and require businesses to track Idaho-specific tax basis and loss carryforwards.
