IDAPA 35.01.01.470 — PROPERTY FACTOR: CONSISTENCY IN REPORTING (RULE 470)

Section 63-3027(16)(a), Idaho Code
01.
Year to Year Consistency. If a taxpayer departs from or modifies the method used for valuing
property, or for excluding or including property in the property factor in prior year Idaho returns, the taxpayer is to
disclose the nature and extent of all modifications in its current year return.
(4-6-23)
02.
State to State Consistency. If the returns or reports filed by a taxpayer with all states to which the
taxpayer reports pursuant to Section 63-3027, Idaho Code; Article IV of the Multistate Tax Compact; or the Uniform
Division of Income for Tax Purposes Act are not uniform in valuing property and in excluding or including property
in the property factor, the taxpayer is to disclose the nature and extent of the variance in its current year Idaho return.
(4-6-23)