2013 Idaho Statutes
Title 63 - REVENUE AND TAXATION
Chapter 30 - INCOME TAX
Section 63-3067A - DESIGNATION BY INDIVIDUALS -- TRUST ACCOUNTS.
(2) A designation under subsection (1) of this section may be made in any taxable year in such manner and form as prescribed by the state tax commission. The manner and form so prescribed shall be a conspicuous portion of the principal form provided for the purpose of individual taxation.
(3) The trust accounts authorized to receive moneys designated under subsection (1) of this section are:
(4) Prior to the distribution of funds into any of the trust accounts specified in subsection (3) of this section from the refund account, the state tax commission shall retain funds for the commission's costs for collecting and administering the moneys in the accounts as follows: three thousand dollars ($3,000) from each account for start-up costs during the first year of collections, and three thousand dollars ($3,000) or twenty percent (20%) of the moneys remitted to each account during the fiscal year, whichever is less, from each account during each fiscal year thereafter, which amounts are hereby appropriated to the tax commission.
History:
[63-3067A, added 1987, ch. 337, sec. 3, p. 711; am. 1989, ch. 127, sec. 1, p. 277; am. 1990, ch. 388, sec. 12, p. 1077; am. 2002, ch. 292, sec. 9, p. 844; am. 2005, ch. 104, sec. 1, p. 328; am. 2006, ch. 88, sec. 1, p. 258; am. 2007, ch. 10, sec. 3, p. 15; am. 2008, ch. 218, sec. 3, p. 676; am. 2009, ch. 63, sec. 1, p. 173; am. 2009, ch. 108, sec. 9, p. 359.]
Disclaimer: These codes may not be the most recent version. Idaho may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.