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Idaho changes recapture provision on rollovers

(March 18, 2010) - Idaho has revised its tax laws to require that Idaho taxpayers include in Idaho taxable income any amounts rolled over from the Idaho 529 to a non-Idaho 529 plan, but only to the extent of state tax deductions claimed for the current and for the prior tax year. (HB 386)

Before this change, the Idaho recapture provision was limited to the total contributions made to the Idaho 529 in the 12 months preceeding the rollover.

The revision was made effective retroactive to January 1, 2008.

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