Subject only to the limitations of the constitutions of the United States and of the state of Idaho, the term “transacting business” shall include owning or leasing, whether as lessor or lessee, of any property, including real and personal property, located in this state, or engaging in or the transacting of any activity in this state, for the purpose of or resulting in economic or pecuniary gain or profit.
Idaho Code § 63-3023
Transacting business
Known as the Idaho Income Tax Act
The act spans §§ 63–63 (179 sections).
Applied in 1 court decision — leading case Humble Oil & Refining Co. v. Calvert (1967)
Most recently applied in Humble Oil & Refining Co. v. Calvert (March 1967)
1959, ch. 299, § 23, p. 613; am. 1961, ch. 328, § 6, p. 622; am. 1988, ch. 197, § 1, p. 375; am. 1995, ch. 111, § 17, p. 347; am. 2007, ch. 59, § 1, p. 141.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.