Idaho Administrative Code
Title IDAPA 35 - Tax Commission, State
Rule 35.01.08 - MINE LICENSE TAX ADMINISTRATIVE RULES
Section 35.01.08.020 - ADVANCE ROYALTIES
Universal Citation: ID Admin Code 35.01.08.020
Current through August 31, 2023
Section 47-1201, Idaho Code. Payments received from mining properties in Idaho from which no minerals or ores were extracted, sold, or used during the taxable year shall not be subject to the mine license tax. Provided, however, the tax arising from payments of advance royalties shall be deferred until the year during which the ore to which the advance royalty relates is actually extracted. (3-31-22)
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