This bill amends two sections of the Idaho Code related to taxation, specifically concerning occasional sales and small seller sales tax provisions. In Section 63-3622K, the definition of "occasional sales" is revised to include new criteria for home yard sales, allowing homeowners who have more than two such sales in a calendar year, with total sales under $5,000, to qualify as small sellers. Additionally, the bill clarifies that certain exemptions do not apply to the sale, purchase, or use of specific vehicles and aircraft.

In Section 63-3622XX, which is redesignated as Section 63-3622YY, the bill outlines the criteria for small sellers, defining them as Idaho residents with cumulative gross receipts not exceeding $5,000 in a calendar year. It specifies that small sellers are exempt from collecting or remitting sales tax but must apply for a temporary seller's permit if their gross receipts exceed this threshold. The bill also includes provisions for record-keeping and clarifies that small sellers must indicate tax exemption on invoices if requested. An emergency clause is included, making the act effective on July 1, 2026.

Statutes affected:
Bill Text: 63-3622K, 63-3620