Idaho Administrative Code
Title IDAPA 35 - Tax Commission, State
Rule 35.01.09 - IDAHO BEER AND WINE TAXES ADMINISTRATIVE RULES
Section 35.01.09.014 - FINANCIAL SECURITY
Universal Citation: ID Admin Code 35.01.09.014
Current through September 2, 2024
Sections 23-1049, 23-1320, Idaho Code
01. Financial Security for Payment of Tax. Any person required to pay tax under the Acts must have an acceptable amount of security on file and in acceptable form with the Tax Commission unless excused or waived by the Tax Commission. The security is conditioned upon payment of all taxes imposed on beer or wine by this state for which the person is liable, including any penalty and interest.
02. Security for a New Taxpayer. When a new taxpayer applies for a tax account the security required is one thousand dollars ($1,000) unless one of the following conditions applies:
a. If a beer or wine tax reporting history is available from a previous ownership, the security required may be based on the most recent twelve (12) month filing history of the prior ownership.
b. If an out-of-state wine direct shipper is applying for an initial account, they may request a bond waiver.
c. If the taxpayer can establish a lesser amount should apply based on the average monthly amount payable according to Section 23-1049, Idaho Code.
Effective April 6, 2023
Disclaimer: These regulations 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.
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