IDAPA 35.01.01.820 — CORPORATE ESTIMATED PAYMENTS: IN GENERAL (RULE 820)

Section 63-3036A, Idaho Code
01.
Estimated Tax. The term estimated tax means the corporation's anticipated tax as imposed by this
Chapter including the permanent building fund tax, plus any recapture of Idaho income tax credits, less the sum of
any income tax credits. Estimated payments and non-income tax credits are not included as a credit.
(4-6-23)
02.
Computation of Estimated Payments.
(4-6-23)
a.
The tax required to be reported on the preceding year's return and the tax required to be paid on the
current year's return means Idaho taxable income multiplied by the corporate income tax rate with a minimum of
twenty dollars ($20), plus the permanent building fund tax, plus the recapture of income tax credits, less income tax
credits excluding estimated payments.
(4-6-23)
b.
An estimated payment is not required if an Idaho return was not required for the previous taxable
year.
(4-6-23)
03.
Revised Income Estimate. If, after making one or more estimated payments for a taxable year, a
corporation makes a new estimate of its current year income, it recomputes its estimated tax. If the corporation has
paid its new estimated tax in prior estimated payments, no payment is due.
(4-6-23)
04.
Net Operating Loss or Capital Loss Carryover. The allowable net operating loss carryover or
capital loss carryover is to be deducted from income for the period before the estimated tax is computed.
(4-6-23)
IDAHO ADMINISTRATIVE CODE
IDAPA 35.01.01
Idaho State Tax Commission
Income Tax Administrative Rules
Section 821
Page 113