Idaho Admin. Code r. 35.01.02.110 - RETURNS FILED BY COUNTY ASSESSORS AND FINANCIAL INSTITUTIONS

Sections 63-3623 and 63-3638(9), Idaho Code

01. Filing Returns. Upon collection of sales tax on applications for certificate of title to a motor vehicle, trailer, or other titled property, or initial application for registration processed by the county assessor, the assessor will, no less than monthly, complete and submit to the Commission, Form ST-852, Idaho Sales Tax Return County Assessors. The assessor may, at his discretion, submit the form more frequently. But at no time will the amount of tax collected during any month be submitted later than the twentieth day of the month following the month in which the tax was collected. (3-31-22)

02. Reimbursement. The assessor and the Idaho Transportation Department will be reimbursed at the rate of one dollar ($1) for each application for certificate of title or initial registration of a motor vehicle, trailer, or other titled property; each Form ST-108, Transport Trailer, Office Trailer, and Untitled Boat Certificate; and each Form ST-108TR, Occasional Sale Exemption Claim -- Office Trailer and Transport Trailer, processed by the assessor except those upon which any sales or use tax due has been previously collected by a retailer or paid by the buyer. (3-31-22)

03. Financial Institutions. Financial institutions collecting tax on sales of tangible personal property that they are financing, whether sold by the financial institution or another person, are to possess an Idaho seller's permit and file returns to remit the tax as prescribed in Rule 105, of these rules. If the tax collected is not from a sale made by the financial institution, it can be reported as an adjustment on the return. Failure to remit the tax on a timely basis will result in the addition of penalties and interest as provided by Sections 63-3632 and 63-3634, Idaho Code. (3-31-22)

04. Cross Reference. (3-31-22)

a. Permits. See Rule 070 of these rules. (3-31-22)

b. Time and Imposition of Tax. Returns, Payments and Partial Payments. See Rule 105 of these rules. (3-31-22)

Notes

Idaho Admin. Code r. 35.01.02.110