Idaho H0722 revises tax provisions for rate-regulated electric and gas companies, including new taxes on wind, solar, geothermal, and thermal energy.

Idaho H0722 amends existing law to revise tax provisions for rate-regulated electric and gas companies. The bill introduces new taxes on wind, solar, and geothermal energy production, as well as thermal energy for natural gas. It specifies rates for these taxes and mandates that rate-regulated electric and gas companies report sales data to the state tax commission. The bill also outlines procedures for calculating, collecting, and apportioning these taxes among counties and taxing districts. Additionally, it establishes a rate-regulated tax fund to manage these tax revenues.

Idaho H0722 revises tax provisions for rate-regulated electric and gas companies, including new taxes on wind, solar, geothermal, and thermal energy.

Idaho H0722 amends existing law to revise tax provisions for rate-regulated electric and gas companies. The bill introduces new taxes on wind, solar, and geothermal energy production, as well as thermal energy for natural gas. It specifies rates for these taxes and mandates that rate-regulated electric and gas companies report sales data to the state tax commission. The bill also outlines procedures for calculating, collecting, and apportioning these taxes among counties and taxing districts. Additionally, it establishes a rate-regulated tax fund to manage these tax revenues.