TAX NEWS - January 2010

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Idaho Tax Rates

Type of Tax

Beer and Wine Tax

Boise Auditorium District Hotel/Motel Room Sales Tax

Cigarette Tax

Corporate Net Income Tax

Electricity Tax

Fuels Tax

Illegal Drug Stamp Act

Individual Income Tax

Mine License Tax

Sales/Use Tax

Severance Tax

Tobacco Tax

Travel & Convention Hotel/Motel Tax

What is Taxed

Beer
Wine

Hotel/motel occupants in the Boise metropolitan area

Package of 20

Idaho taxable income

Water-generated electricity

Gasoline
Diesel
Biodiesel (B00)
Ethanol Blends (E01-E99)
Propane
Natural Gas
Aviation Fuel
Jet Fuel

Marijuana
Controlled substances sold by weight
Controlled substances sold by dosage

Idaho taxable income

Value of ores mined or extracted

Retail sales and rentals of tangible personal property; admission fees and fees for recreation or hotel/motel rooms (except stays of more than 30 days). Use tax applies if sales tax was not paid at the point of purchase.

Market value of oil and gas produced or sold in Idaho

All tobacco products except cigarettes

Hotel/motel occupants and campground users

Tax Rate

$0.15/gallon
$0.45/gallon

5%

$0.57

7.6%

1/2 mill per kilowatt hour

$0.25/gallon
$0.25/gallon
$0.25/gallon
$0.25/gallon
$0.181
$0.197
$0.07/gallon
$0.06/gallon

$3.50/gram
$200/gram

$200 per 50 dosages

1.6% to 7.8%

1%

6%

2%

40% of wholesale price

2%

Other Info

Exception: Long-term residents (more than 30 days in a row)

Wholesalers pay this tax to the Tax Commission

Multistate businesses must apportion their income using a three-factor formula made up of property, payroll, and sales the sales factor is double-weighted).

Exception: There is no tax on the sale of electricity used for irrigation, manufacturing, mining, milling, smelting, refining, or processing.

Off-road users get refunds for tax on gasoline used in equipment and auxiliary engines.

Tax Rate depends on income

Exception: Utilities, motor fuels (which are taxed separately), prescription drugs, and tangible personal property used in manufacturing, farming, processing, mining, and fabricating.

Exception: Long-term residents (more than 30 days in a row)