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ID H0252
Bill
Status
3/20/2015
Primary Sponsor
Revenue and Taxation Committee
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AI Summary
House Bill 252 Summary
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Exempts from Idaho sales and use tax the portion exceeding what a nonresident purchaser would pay in their state of residence on motor vehicles, trailers, vessels, ATVs, off-road motorcycles, and snowmobiles when taken directly out of state and registered elsewhere.
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Requires the State Tax Commission to prepare and annually update a schedule listing other states' sales and use tax rates (excluding local taxes) and post it on their website for sellers' reference.
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Exempts from sales and use tax sales of items manufactured in Idaho for out-of-state use and licensing when sold directly by the manufacturer to the out-of-state purchaser.
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Distributes $10,000,000 annually from sales tax collections to the state highway account for construction and improvement of state highways under section 40-702(6), Idaho Code.
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Makes technical corrections to definitions of used manufactured homes, vessels, trailers, and glider kits in the existing tax exemption statute.
Legislative Description
Amends existing law to impose a sales and use tax exemption where that portion of tax exceeds the sales and use tax rate that a nonresident purchaser would pay in the state of residence on sales under certain conditions, to provide duties of the State Tax Commission and to impose a sales and use tax exemption for sales of certain items manufactured in Idaho for use and licensing outside of Idaho when sold directly by the manufacturer to the out-of-state purchaser; and to provide for distribution of these moneys.
SALES AND USE TAX
Last Action
Introduced, read first time; referred to: Local Government & Taxation
3/23/2015