ID H0380

Amends Idaho Code Section 63-3037 to require information returns be filed with the state tax commission on or before the last day of February of the year following the year to which the return relates.

Authorizes the State Tax Commission to set a different due date for information returns by regulation or rule, provided such date shall not be earlier than the date required by the Internal Revenue Code for filing equivalent federal returns in a nonelectronic format.

Allows the State Tax Commission to excuse filing of information returns when it finds the returns do not contribute to efficient administration of taxes.

Requires the State Tax Commission to prescribe rules for determining which returns must be transmitted electronically, with a threshold that persons must report at least 250 annual information returns before electronic transmission can be required.

Directs the Commission to consider taxpayer ability to comply at reasonable cost when promulgating electronic transmission rules.