Idaho | TaxConnections

Access Leading Tax Experts And Technology
In Our Global Digital Marketplace

22 Aug 2019

Idaho, Illinois, Indiana, Iowa Sales And Use Tax Rules

Idaho State Sales And Use Tax

The state of Idaho levies a 6% state sales tax on the retail sale, lease or rental of most goods and some services. Several local jurisdictions impose additional sales taxes up to an additional 3%.

Use tax is also collected on the consumption, use or storage of goods in Idaho if sales tax was not paid on the purchase of the goods. The use tax rate is the same as the sales tax rate. Returns are to be filed on or before the 20th day of the month following the month in which the purchases were made. For example, purchases made in the month of January should be reported to the state of Idaho on or before February 20th.

Written by Aaron Giles | Posted in State Sales And Use Tax Rules

28 Apr 2017

Idaho Keeps Sales Tax On Groceries

Many states exempt groceries from sales tax per the premise that food is a necessity of life. This is a poorly targeted exemption though in terms of helping low-income taxpayers. Higher income individuals spend more on food so get the bulk of the tax savings. If instead, groceries were taxed, tax relief could be better targeted to the taxpayers who need it via a refundable income tax credit based on income.

Written by Annette Nellen | Posted in State Tax

14 Jul 2016

Focus On Idaho And Their Tax Climate

This month, we travel west to Idaho, the 14th largest state in the U.S. Known for its mountainous landscapes, vast swaths of protected wilderness and outdoor recreation areas, Idaho is bigger than all of the New England states combined. Boise, the capital and largest city, is set in the Rocky Mountain Foothills and is bisected by the Boise River, a popular destination for rafting and fishing.