This bill amends Chapter 36, Title 63 of the Idaho Code by adding a new section, 63-3622XX, which establishes a sales and use tax exemption for "small sellers." A small seller is defined as an Idaho resident whose cumulative gross receipts do not exceed $5,000 in the current or previous calendar year, and the exemption does not apply to partnerships, corporations, or limited liability corporations. The bill outlines specific conditions under which small sellers can operate without collecting or remitting sales tax, including restrictions on the types of sales that qualify for the exemption and requirements for those whose sales exceed the $5,000 threshold.

Additionally, the bill mandates that small sellers must file for a temporary seller's permit within 30 days of exceeding the sales threshold and indicates that they cannot maintain a permanent business presence with the expectation of exceeding the gross receipts limit. It also requires small sellers with annual sales exceeding $3,000 to keep records for at least four years. The bill declares an emergency, making it effective on July 1, 2025.

Statutes affected:
Bill Text: 63-3620