Idaho Amends Tax Code for Utility Assessment Based on Energy Use

The Idaho Governor signed a law that amends sections of the Idaho Code relating to taxation of operating property. The law includes: 1) establishing a new system for assessing rate-regulated electric and gas utilities based on kilowatt-hour and thermal energy taxes, rather than traditional property taxes; 2) requiring a five-year review cycle of utility investments, beginning Jan. 1, 2026; and 3) mandating that estimated utility taxes be treated as property tax revenue for budget limitation purposes. [H.B. 722, enacted 03/26/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.