US Laws, Codes, Statutes & Cases

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 30
                                  INCOME TAX
    63-3025A.  FRANCHISE TAX. For taxable years commencing on and after
January 1, 2001, a franchise tax shall be imposed upon any corporation for the
privilege of exercising its corporate franchise within the state during such
taxable year including, but not limited to, corporations engaged in business
in Idaho for the exclusive purpose of performing contracts with the United
States department of energy at the Idaho national engineering and
environmental laboratory, which tax shall be measured by income which is
attributable to this state under the provisions of this chapter and which tax
shall be at the rate provided in section 63-3025, Idaho Code; provided,
however, that the tax shall not be less than twenty dollars ($20.00); provided
further that the twenty dollar ($20.00) minimum payment shall not be collected
from nonproductive mining corporations; but the twenty dollar ($20.00) minimum
tax shall apply to corporations qualified to file returns and actually filing
returns under the provisions of subchapter "S" of the Internal Revenue Code.