- Idaho House Bill 144 exempts certain small sellers from sales and use tax starting July 1, 2025
- Small sellers are Idaho residents with gross receipts not exceeding $5,000 in the current or previous year
- Qualifying small sellers cannot have a permanent store, office, or warehouse if they expect to exceed the sales threshold
- Sellers with over $3,000 in annual sales must keep sales records for at least four years
- Exemption does not apply to partnerships, corporations, or LLCs
- Excluded sales include motor vehicles, alcohol, tobacco, and items for resale
- Sellers exceeding the $5,000 limit must apply for a temporary seller’s permit within 30 days and start collecting sales and use tax
Source: salestaxinstitute.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
