IDAPA 35.01.01.460 — PROPERTY FACTOR: IN GENERAL (RULE 460)

Section 63-3027(16)(a), Idaho Code
01.
In General. The property factor of the apportionment formula for each trade or business of the
taxpayer includes all real and tangible personal property owned or rented by the taxpayer and used during the taxable
year in the regular course of its trade or business. The term real and tangible personal property includes land,
buildings, fixtures, inventory, equipment, and other property of a tangible nature, but does not include coin or
currency.
(4-6-23)
02.
Nonapportionable Income. Property used in connection with the production of nonapportionable
income is to be excluded from the property factor. Property used both in the regular course of the taxpayer's trade or
business and in the production of nonapportionable income is to be included in the factor only to the extent the
property is used in the regular course of the taxpayer's trade or business. The method of determining that portion of
the value to be included in the factor depends on the facts of each case.
(4-6-23)
03.
Average Value. The property factor is to reflect the average value of property includable in the
factor. See Rule 490 of these rules.
(4-6-23)
04.
Denominator. The denominator of the factor may not exceed the sum of all the numerators.
IDAHO ADMINISTRATIVE CODE
IDAPA 35.01.01
Idaho State Tax Commission
Income Tax Administrative Rules
Section 465
Page 64
(4-6-23)