I was interested in what types of taxes, both upfront and also "hidden taxes" we pay to our State.
Kind of nice to see where our money goes. The Illegal Drug Stamp Act below has me baffled but not enough to investigate. If anyone out there wants to enlighten me on this tax, I’ll be glad to listen.
| Idaho Tax Rates on Specific Items |
| Type |
What is Taxed |
Rate |
| Beer and Wine Tax |
Beer
Wine |
$0.15/gallon $0.45/gallon |
| Boise Auditorium District Hotel/Motel Room Sales Tax |
Hotel/motel occupants in the Boise metropolitan area |
5.00% |
| Cigarette Tax |
Package of 20 |
$0.57 |
| Corporate Net Income Tax |
Idaho taxable income |
7.60% |
| Electricity Tax |
Water-generated electricity |
1/2 mill per kilowatt hour |
| Fuels Tax |
Gasoline
Diesel
Biodiesel (B00)
Ethanol Blends (E01-E99)
Propane
Natural Gas
Aviation Fuel
Jet Fuel |
$0.25/gallon $0.25/gallon $0.25/gallon $0.25/gallon $0.181
$0.197 $0.07/gallon $0.06/gallon |
| Illegal Drug Stamp Act |
Marijuana Controlled substances sold by weight Controlled substances sold by dosage |
$3.50/gram $200/gram $200 per 50 dosages |
| Individual Income Tax |
Idaho taxable income |
1.6% to 7.8% |
| Mine License Tax |
Value of ores mined or extracted |
1.00% |
| Sales/Use Tax |
Retail sales and rentals of tangible personal property; admission fees and fees for recreation or hotel/motel rooms (except stays of more than 30 days). Use tax applies if sales tax was not paid at the point of purchase. |
6.00% |
| Severance Tax |
Market value of oil and gas produced or sold in Idaho |
2.00% |
| Tobacco Tax |
All tobacco products except cigarettes |
40% of wholesale price |
| Travel & Convention Hotel/Motel Tax |
Hotel/motel occupants and campground users |
2.00% |
|
Thanks,
Tim Bondy
Bondyweb.com webmaster
