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---
type: "Bill"
title: "TAXATION Amends existing law to exempt certain precious metals from capital gains tax, lower the income tax rate, and exempt certain military benefits from income taxation."
description: "TAXATION Amends existing law to exempt certain precious metals from capital gains tax, lower the income tax rate, and exempt certain military benefits from income taxation."
jurisdiction: "us/states/id"
legislature: "Idaho Legislature"
session: "2025"
identifier: "H 40"
citation: "Idaho H 40 (2025)"
classification: ["bill"]
subjects: ["DEATH", "DISABILITIES", "PERSONS WITH", "FIRE AND FIREFIGHTERS", "METALS", "MILITARY AND MILITIA", "RETIREMENT", "TAX AND TAXATION", "TAX AND TAXATION", "INCOME"]
status: "enacted"
primary_sponsors: []
version_count: 1
action_count: 17
vote_count: 2
first_action: "2025-01-23"
last_action: "2025-03-07"
source: "openstates"
source_identifier: "ocd-bill/980845ae-bf8d-4909-a304-9b071c414562"
source_url: "https://legislature.idaho.gov/sessioninfo/2025/legislation/H0040/"
source_hash: "a6a7864fbff659b420bbc097fc1d95a0a16d765c7d8d5b956d8e6f30992c00c1"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-id"]
---
# Idaho H 40 (2025) — TAXATION Amends existing law to exempt certain precious metals from capital gains tax, lower the income tax rate, and exempt certain military benefits from income taxation.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **Bill Text** (committee substitute) — [source](https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2025/legislation/H0040.pdf)
## Votes
- Read Third Time in Full **637** (pass) · lower
- Read third time in full **278** (pass) · upper
## Sponsors
- REVENUE AND TAXATION COMMITTEE — primary (organization)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2025-01-23** Introduced, read first time, referred to JRA for Printing `introduction`
- **2025-01-24** Reported Printed and Referred to Revenue & Taxation
- **2025-01-30** Reported out of Committee with Do Pass Recommendation, Filed for Second Reading `committee-passage-favorable`
- **2025-01-31** Read second time; Filed for Third Reading `reading-2`
- **2025-02-03** Read Third Time in Full PASSED - 63-7-0AYES Achilles, Alfieri, Andrus, Barbieri, Beiswenger, Boyle, Bruce, Burgoyne, Cannon, Cayler, Cheatum, Clow, Cornilles, Crane(12), Crane(13), Dygert, Ehardt, Ehlers, Erickson, Fuhriman, Furniss, Galaviz, Garner, Handy, Harris, Hawkins, Healey, Hill, Holtzclaw, Horman, Hostetler, Leavitt, Manwaring, Marmon, McCann, Mendive, Mickelsen, Miller, Mitchell, Monks, Nelsen, Palmer, Petzke, Pickett, Pohanka, Price, Rasor, Raybould, Raymond, Redman, Sauter, Scott, Shepherd, Shirts, Skaug, Tanner(13), Tanner(14), Thompson, Vander Woude, Weber, Wheeler, Wisniewski, Mr. SpeakerNAYS Berch, Church, Egbert, Gannon, Green(Casner), Mathias, RubelAbsent NoneFloor Sponsor - MonksTitle apvd - to Senate `passage, reading-3`
- **2025-02-04** Received from the House passed; filed for first reading
- **2025-02-04** Introduced, read first time; referred to: Local Government & Taxation `introduction`
- **2025-02-14** Reported out of Committee with Do Pass Recommendation; Filed for second reading `committee-passage-favorable`
- **2025-02-17** Read second time; filed for Third Reading `reading-2`
- **2025-03-04** Read third time in full PASSED - 27-8-0AYES Adams, Anthon, Bernt, Bjerke, Blaylock, Burtenshaw, Carlson, Cook, Den Hartog, Foreman, Galloway, Grow, Harris, Hart, Keyser, Kohl, Lakey, Lenney, Lent, Nichols, Okuniewicz, Ricks, Shippy, Toews, VanOrden, Zito, ZuiderveldNAYS Guthrie, Mathews(Rabe), Ruchti, Semmelroth, Taylor, Ward-Engelking, Wintrow, WoodwardAbsent and excused NoneFloor Sponsor - RicksTitle apvd - to House `passage`
- **2025-03-04** Returned from Senate Passed; to JRA for Enrolling `enrolled`
- **2025-03-04** Reported Enrolled; Signed by Speaker; Transmitted to Senate `passage`
- **2025-03-05** Received from the House enrolled/signed by Speaker
- **2025-03-05** Signed by President; returned to House `passage`
- **2025-03-05** Returned Signed by the President; Ordered Transmitted to Governor `executive-receipt`
- **2025-03-07** Delivered to Governor at 11:41 a.m. on March 5, 2025 `executive-receipt`
- **2025-03-07** Reported Signed by Governor on March 6, 2025 Session Law Chapter 13 Effective: Retroactive to 01/01/2025 `executive-signature`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/980845ae-bf8d-4909-a304-9b071c414562`. Confidence: reported (aggregated from official Idaho legislature records).