2005 Idaho Code - 50-1049 — COLLECTION AND ADMINISTRATION OF LOCAL-OPTION NONPROPERTY TAXES BY STATE TAX COMMISSION -- DISTRIBUTION

                                  TITLE  50
                            MUNICIPAL CORPORATIONS
                                  CHAPTER 10
                                   FINANCES
    50-1049.  COLLECTION AND ADMINISTRATION OF LOCAL-OPTION NONPROPERTY TAXES
BY STATE TAX COMMISSION -- DISTRIBUTION. (a) A city which has levied a tax
pursuant to section 50-1044, Idaho Code, may contract with the state tax
commission for the collection and administration of such taxes in like manner
and under the definitions, rules and regulations of the tax commission for the
collection and administration of the state sales tax under chapter 36, title
63, Idaho Code. A city which levies such tax shall have the right to review
and audit the records of collection thereof maintained by the commission and
the returns of taxpayers relating to such tax. Alternatively, such city shall
have authority to administer and collect such tax.
    (b)  All revenues collected by the tax commission pursuant to section
50-1044, Idaho Code, shall be distributed as follows:
    (1)  An amount of money shall be distributed to the state refund account
    sufficient to pay current refund claims.  All refunds authorized by the
    commission to be paid shall be paid through the state refund account and
    those moneys are continuously appropriated;
    (2)  An amount of money equal to such fee as may be agreed upon between
    the commission and such city for the actual cost of the collection and
    administration of the tax.  The amount retained by the commission shall
    not exceed the amount authorized to be expended by appropriation by the
    legislature.  Any unencumbered balance in excess of the actual cost at the
    end of each fiscal year shall be distributed as provided in paragraph (3)
    of this subsection;
    (3)  All remaining moneys received pursuant to this chapter shall be
    placed in an account designated by the state controller and remitted
    monthly to the city levying such tax.