Tax Update New Tax Laws & Other Topics Sheet (Page 2 of 2) in pdf

Exemption, Credits Added;

Where To Get

Deduction Changed

Information

The Idaho Legislature granted the Blind

The Legislature expanded the income tax

If you would like to know more about

Services Foundation, Inc. an exemption from

credit available to businesses that add new

Idaho state taxes, visit the Idaho State

sales and use taxes for purchases by the

employees who make an average of at least

Tax Commission’s Web site at:

organization. The organization is not exempt

$15.50 an hour and are eligible for employer-

from collecting sales tax when it makes sales.

provided coverage under an accident or

or call :

Two charitable income tax credits were

health plan. The expanded credit is $1,000

T O L L - F R E E

also approved by the Legislature. One adds

for each employee. The business does not

8 0 0 - 9 7 2 - 7 6 6 0

the Children’s Village or its foundation to the

have to be a natural resource-based business

list of entities qualifying for the youth and

(e.g. logging, mining, farming, etc.) to qualify.

or in the Boise area, 334-7660.

rehabilitation facilities credit. The other adds

You can now deduct all of the premiums

YOU CAN VISIT OUR OFFICES AT:

the Women’s and Children’s Alliance or its

you pay for long-term care insurance on your

oise: 800 Park Blvd., Plaza IV

foundation to the entities qualifying for the

state income tax return. Previously, the

Idaho Falls: 150 Shoup Ave., Ste. 16

charitable contributions income tax credit.

deduction was limited to 50 percent of the

Lewiston: 1118 F Street

cost of premiums.

Pocatello: 611 Wilson St., Ste. 5

Cyber Highway Opens to Truckers

Twin Falls: 1038 Blue Lakes Blvd. N., Ste. C

Coeur d’Alene: 1910 Northwest Blvd., Ste. 100

HEARING IMPAIRED CALLERS:

Idaho has launched a new

the Tax Commission, the Idaho

Use the Idaho Relay Service 1-800-377-3529

Web site to help truckers comply

Transportation Department, the

with the state’s registration fees

Idaho State Police, and the state’s

Costs associated with this publication are available from the Idaho State

Tax Commission in accordance with Section 60-202, Idaho Code.

and fuels tax laws. The Idaho

official Web site developer, Access

Trucking Portal at trucking.idaho.gov allows

Idaho. The site offers information and services

trucking companies to take care of state and

from each of the agencies and links to the

Unless otherwise noted, information in TAX

industry-related business around the clock.

transportation sites of neighboring states and

UPDATE applies only to Idaho taxes. This

The Web site is a cooperative effort between

the federal government.

newsletter is designed to provide general

information only, and is not intended to

Businesses Register Electronically

offer comprehensive explanations of Idaho

✉

(continued from front side)

tax laws and rules. Send comments about

TAX UPDATE to:

Permits and account numbers are mailed

The electronic application was developed

TAX UPDATE Editor

to taxpayers within a few days of their online

by the Tax Commission, Idaho Commerce and

Communications & Outreach

registration. A password will be assigned so

Labor, and the Idaho Industrial Commission

State Tax Commission

P.O. Box 36 • Boise, ID 83722

an applicant can return to an unﬁnished

with the help of a federal grant.

application within a month to complete it.

J U N E

2 0 0 4

This issue of Tax Update deals with:

NEW TAX LAWS & OTHER TOPICS

IDAHO STATE TAX COMMISSION

P.O. Box 36

Boise, Idaho 83722

Tax Update New Tax Laws & Other Topics Sheet Page 2

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