Statutes > Idaho Statutes > TITLE 63 REVENUE AND TAXATION > CHAPTER 36 SALES TAX > 63-3622UU PERSONAL PROPERTY TAX ON RENTALS.

63-3622UU PERSONAL PROPERTY TAX ON RENTALS.

TITLE 63

REVENUE AND TAXATION

CHAPTER 36

SALES TAX

63-3622UU.Personal property tax on rentals. The taxes imposed by this chapter do not apply to charges for personal property tax added to the rent paid for leases of tangible personal property. This exemption applies if:

(1) The lessor separately states the charge for property tax to the lessee; and

(2) The amount charged to the lessee is not more than the property tax actually paid by the lessor; and

(3) The lease agreement is for an initial period of one (1) year or longer.