Personal property tax on rentals. — The taxes imposed by this chapter do not apply to charges for personal property tax added to the rent paid for leases of tangible personal property. This exemption applies if:
Known as the The Idaho Sales Tax Act
The act spans §§ 63-3601–63-3641 (114 sections).
I.C., § 63-3622U U, as added by 2008, ch. 92, § 1, p. 258.
(1) The lessor separately states the charge for property tax to the lessee; and
(2) The amount charged to the lessee is not more than the property tax actually paid by the lessor; and
(3) The lease agreement is for an initial period of one (1) year or longer.
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.