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 exclusions from the exemption, including sales of motor vehicles, alcohol, tobacco, and items purchased for resale. Small sellers are not required to collect or remit sales tax but must apply for a temporary seller's permit if their gross receipts exceed the $5,000 threshold.

Additionally, the bill stipulates that small sellers must not maintain a permanent business location or stock goods with the expectation of exceeding the $5,000 threshold. They are also required to keep records for at least four years if their annual sales exceed $3,000. The bill declares an emergency, making it effective on July 1, 2025.

Statutes affected:
Bill Text: 63-3620