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Out-of-state developers should pay their share

| February 6, 2006 8:00 PM

Millions more dollars for education, property tax relief, or whatever would be forthcoming if the Idaho State Tax Commission would take more interest in collecting state income tax due under Idaho law, specifically from non-residents. Reference Idaho Code Section 63-3026A (3) Rule 260 and also 264 (01) re: non-residents taxable on income from Idaho sources. Specifically, gains on sales of Idaho property and interest earned on seller-financed sales of Idaho property by non-residents are clearly subject to Idaho state income tax. There has been very little effort made to collect this tax, or even to advise non-residents that they are required to file. This is true even though residents of states such as California that have state income tax, are in most cases, allowed a credit against their home state income tax based on the amounts paid.

Now with all the out-of-state developers, investors, speculators and builders coming into Idaho, isn't it time they paid their fair share, along with the rest of us? We need these funds at least as much as California does. House Bill 460 introduced recently may be a step in the right direction. Please support our legislators.

DAVE REYNOLDS

Hope