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Fuel Tax Bonding Options
This page explains bonding requirements for Idaho fuels distributors. The Tax Commission reviews all bonds annually.Estimate your first year’s bond Use this formula to estimate your first year’s bond: For each fuel type, look up the tax rate. Multiply your average number of gallons per month by the tax rate. Total the estimated tax you would […]
Idaho Production Plants – Biodiesel and Ethanol
If you produce and distribute biodiesel, ethanol, or ethanol blends, you have certain reporting requirements.Idaho terminal designation You can request an Idaho terminal designation for your production plant. This is for Idaho fuels tax reporting only. It’s not an IRS terminal designation. You’ll act as a terminal operator.Read more in our Fuels Terminal Operators guide. The fuel […]
IFTA Terms Defined
IFTA Carriers Read our instructions on how to calculate miles per gallon on your IFTA returns during the fuel tax holidays for Maryland, Georgia, and Connecticut. The information in this section applies only to Idaho IFTA licensees, unless otherwise noted.Fuels summary For more definitions, see the IFTA Articles of Agreement, Article II, Definitions, on the IFTA […]
Businesses can e-file state, federal income taxes together
Businesses wanting to prepare and e-file both their federal and state income tax returns should visit the Idaho State Tax Commission website, tax-webstg.idaho.gov. The Tax Commission’s Business income tax e-file providers page links to authorized software providers that offer electronic filing for corporations, S corporations, partnerships, and fiduciaries.Software providers’ fees and services vary. Businesses should compare the offers […]
Types of Exemptions
AAircraftRead our Aircraft guide for more information. The buyer must give the seller a completed Form ST-101. Idaho Code section 63-3622GG Sales Tax Rule 037 BBroadcast equipment The buyer must give the seller a completed Form ST-101. Idaho Code section 63-3622S Sales Tax Rule 055, 133 Bullion, coins, and other currency No exemption certificate is needed. Idaho Code section 63-3622V Idaho Code section 63-3622PP Sales […]
Direct Pay Authority for Sales Tax
Direct pay authority allows businesses to buy all items exempt from tax. The businesses pay any tax due directly to the Tax Commission instead of to a vendor.You might be approved for direct pay authority if all of these are true: You qualify for sales tax exemptions. You buy many items from different vendors. You’ve […]
Temporary Seller’s Permits
Temporary seller’s permits allow you to make infrequent retail sales in Idaho. Sellers who typically get temporary permits are ones who, for example, sell at events such as farmers markets or craft fairs, have a seasonal stand for fireworks or Christmas trees, or sell from home once in a while.Idaho residents who sell less than […]
Speaker Request
Need a speaker for your meeting?The Idaho State Tax Commission has experts who can speak to your group on a variety of topics. To request a speaker, please complete the form below. If you have a tax question or want to check the status of your account, please contact Taxpayer Services.
Tax Clearance Certificate
A tax clearance certificate, also known as a “letter of good standing,” confirms that a business has filed and paid in full all their taxes as administered by the Idaho State Tax Commission. Any existing business can request this certificate.Requesting a certificate You must make your request in writing. Include the following information: Business name […]
Successors’ Liability Clearance Letter
Are you buying a business? Did you know that buying an existing business without verifying that the business is up to date on its taxes increases your risk of a surprise tax liability in the future? You can eliminate that risk by requesting a Successors’ Liability clearance letter.The Successors’ Liability clearance letter verifies whether the business you’re […]
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Want your property taxes reduced in 2022? See if you qualify
ou might qualify for some property tax relief. Idaho’s Property Tax Reduction program reduces property taxes on an eligible homeowner’s primary Idaho residence and up to one acre of land by as much as $1,500.The Tax Commission administers the program, but you apply through your county assessor’s office. You can get an application for property tax reduction on the […]
Track your tax refund online anytime
After you’ve filed your Idaho income tax return, track your refund online at tax-webstg.idaho.gov/refund for the most up-to-date information. You’ll need to provide your Social Security number and the refund amount you expect.“It takes less than 30 seconds to get a refund update,” Tax Commission Chairman Jeff McCray said. “Our online service is the fastest, easiest way to […]
Laws and Rules
Idaho combined reporting Learn more: Idaho Code section 63-3027 and Idaho Income Tax Administrative Rules 310 through 620 Water’s Edge Election – Idaho Code section 63-3027B through Idaho Code section 63-3027E and Idaho Income Tax Administrative Rules 640 through 646 Idaho Corporation Income Tax Court decisions Underwood Typewriter Co. v Chamberlain, 254 U.S. 113 (1920) – apportionment of a single corporation’s income was justified rather than allocating […]
Income and Factors
Net operating losses and capital losses Each corporation included in the combined report that is required to file an Idaho income tax return must separately compute its Idaho net operating loss (NOL). Each corporation’s NOL carryback and carryover is applied to its share of the combined income apportioned to Idaho for each tax year.Capital losses […]
Worldwide vs. Water’s Edge
Worldwide combined reporting Idaho requires use of the worldwide filing method for all corporations unless you’ve made the water’s edge election (discussed in the next section). Under this method, you must include the income or loss and apportionment factor attributes of all unitary corporations with more than 50% common ownership. This includes those businesses incorporated […]
Apportionable Income vs. Nonapportionable Income
The United States Constitution requires a relationship between an activity and a state before the state can tax the activity. If the taxable activity is part of a unitary business, the combined income of the unitary business is subject to apportionment.Apportionable income is sourced to the various states/countries where a business is conducted compared to […]
Claim your grocery credit refund, even if you don’t earn enough to file income taxes
Idahoans who don’t make enough money to file an income tax return can get back some of the sales tax they paid on groceries – in the form of a refund. The refund is $100 for most Idaho residents, plus $100 for each of their qualifying dependents. Residents 65 or older get $120.All full-year Idaho […]
Public Records Requests
Idaho’s public records law was enacted in 1990. The Idaho State Tax Commission is committed to fulfilling public records requests within the law, while balancing a taxpayer’s right to privacy with a citizen’s right to access government records. We are bound by laws that prevent the disclosure of confidential information. (See Idaho Code sections 63-3076 and 63-3077.) Property […]
Filing Combined Reporting Returns
Combined reporting contrasted with consolidated returns For federal purposes, a unitary group may be filing a federal consolidated return. Idaho law doesn’t provide for the filing of a consolidated return. Instead, a unitary group must use the combined reporting method. The combined report is often confused with a consolidated return, but they aren’t the same.The […]
Combined Reporting
This page helps businesses understand how to calculate their Idaho income tax. It applies to unitary businesses, as explained below, that operate in Idaho and in other states or countries.Unitary business If your business is conducted through more than one division or commonly controlled corporation, it might be considered to be a “unitary business.” A […]
Capital Gains
A capital gain occurs when you sell or exchange a capital asset for more than the cost or other basis. A capital gain can be short-term (one year or less) or long-term (more than one year), and you must report it on your income tax return.A capital loss occurs when you sell or exchange a […]
Idaho Medical Savings Account
An Idaho Medical Savings Account (MSA) allows you to save for medical expenses and long-term care costs while reducing the amount of Idaho individual income tax that you owe.Contributions to a federal MSA or health savings account (HSA) don’t qualify for this Idaho deduction. The information here only applies to the Idaho MSA. Tax consequences of federal MSAs and […]
IDeal Idaho College Savings Program
IDeal is Idaho’s official 529 college savings program, created as a qualified tuition program under Internal Revenue Code section 529.IDeal helps families save money for education expenses through an Idaho 529 account. Eligible expenses include K-12 tuition, apprenticeships, trade schools, and higher education costs such as tuition, mandatory fees, room and board, books, supplies, computer […]
Claim of Right Income Repayments
If you had to repay over $3,000 that you included in your taxable income in an earlier year, you may be able to claim a credit or deduction on your Idaho return.You must have claimed a claim of right deduction or credit on your federal return under IRC section 1341.Claim of Right creditIf you claimed […]
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