IDAPA 35.01.01.300 — TAX ON CORPORATIONS (RULE 300)

Sections 63-3025 and 63-3025A, Idaho Code
01.
Excise Tax. A corporation excluded from the tax on corporate income imposed by Section 63-
3025, Idaho Code, is subject to the excise tax imposed by Section 63-3025A, Idaho Code. If a corporation is subject
to the excise tax imposed by Section 63-3025A, Idaho Code, it is not subject to the tax on corporate income imposed
by Section 63-3025, Idaho Code.
(4-6-23)
02.
Minimum Tax. A name-holder or inactive corporation that is authorized to do business in Idaho
pays the minimum tax of twenty dollars ($20) even though the corporation did not conduct Idaho business activity
during the taxable year. A nonproductive mining corporation generally is not required to pay the minimum tax.
(4-6-23)
03.
Nonproductive Mining Corporations. A nonproductive mining corporation is a corporation that
does not own any producing mines and does not engage in any business other than mining. A corporation that
qualifies as a nonproductive mining corporation is required to file and pay tax if it receives any other income.
(4-6-23)
04.
Protection Under Public Law 86-272. A corporation whose Idaho business activities fall under
the protection of Public Law 86-272 is exempt from the taxes imposed by Sections 63-3025 and 63-3025A, Idaho
Code, including the minimum tax.
(4-6-23)
05.
Corporate Income Tax Rates. Corporate tax rates are listed at https://tax.idaho.gov/busit.
(4-6-23)