IDAPA 35.01.01.644 — WATER'S EDGE: DISREGARDING THE ELECTION (RULE 644)

Sections 63-3027B and 63-3027C, Idaho Code. If a taxpayer fails to comply with Sections 63-3027B through 63-
3027E, Idaho Code, and Rules 640 through 649 of these rules, the Tax Commission may disregard the water's edge
election or recompute the water's edge combined income and apportionment factors, and assert penalties pursuant to
Section 63-3046, Idaho Code, and Rules 400 through 419 of the Administration and Enforcement Rules.
(4-6-23)