2005 Idaho Code - 63-3046B — FAILURE TO FILE PARTNERSHIP RETURN

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 30
                                  INCOME TAX
    63-3046B.  FAILURE TO FILE PARTNERSHIP RETURN. (a) Penalty. In addition to
the penalty imposed by section 63-3075, Idaho Code, if any partnership
required to file a return under section 63-3030, Idaho Code, for any taxable
year:
    (1)  Fails to file such return at the time prescribed therefor by section
    63-3030, Idaho Code, (determined with regard to any extension of time for
    filing); or
    (2)  Files a return which fails to show the information required under
    section 63-3030, Idaho Code, such partnership shall be liable for a
    penalty determined under subsection (b) of this section for each month (or
    fraction thereof) during which such failure continues (but not to exceed
    five (5) months), unless it is shown that such failure is due to
    reasonable cause.
    (b)  Amount per month.  For purposes of subsection (a) of this section,
the amount determined under this subsection for any month is the product of:
    (1)  Ten dollars ($10.00), multiplied by
    (2)  the number of persons who are partners in the partnership during any
    part of the taxable year, except that in the case of partnerships with no
    business activity in Idaho during the taxable year but with partners who
    are Idaho residents, multiply the amount in subsection (b)(1) of this
    section by the number of partners who are either Idaho residents or are
    persons other than individuals who are transacting business in Idaho.
    (c)  Assessment of penalty.  The penalty imposed in subsection (a) of this
section shall be assessed against the partnership.