Business Inventory Tax
Business inventory is exempt.
Corporate Income Tax
The income tax rate is 7.6% on the Idaho taxable income of a corporation transacting business in Idaho or with income attributable to Idaho. If the tax is less than $20.00, a minimum tax payment of $20.00 is required.
Personal Income Tax
Idaho's personal income tax system consists of eight brackets with a top rate of 7.8% starting at an income level of $21,730.
Personal Property Tax
Taxable. Idaho is one of the 12 states that does not collect state-level property taxes. The average property tax rate is approximately 1.67% for Urban and 1.179% for rural property.
There is no intangible personal property tax.
State Sales and Use Tax
Base Rate: 6%
Machinery Rate: 5%
Unemployment Insurance
Idaho's new employers' rate is 1.5% for 1.5 years.