Today is May 26, the anniversary of the Quill v. North Dakota decision of 1992, when the U.S. Supreme Court upheld “the continuing validity” of restricting state sales tax powers only to businesses with property or...
The facts on Idaho’s Tax Climate
7.4%individual income taxTop rate
7.4%corporate income taxFlat rate
$888property taxcollections per capita
Idaho's Individual Income Tax System
Idaho's individual income tax system consists of seven brackets with a top rate of 7.4%. The top rate ranks 10th highest among states levying an individual income tax. Idaho's state and local tax collections per person were $801 in 2013, which ranked 34th highest nationally.
50-State Table of Individual Income Tax Rates
50-State Table of State Individual Income Tax Collections
50-State Table of State and Local Individual Income Tax Collections Per Capita
Idaho's Corporate Income Tax System
Idaho's corporate income tax system consists of a flat rate of 7.4%. That rate ranks 19th highest among states levying a corporate income tax. Idaho's state and local corporate income tax collections per person were $124 in 2013 which ranked 31st highest nationally.
50-State Table of Corporate Income Tax Rates
50-State Table of State and Local Corporate Income Tax Collections Per Capita
50-State Table of State Corporate Income Tax Collections Per Capita
Idaho Sales and Excise Taxes
Idaho levies a 6% general sales or use tax on consumers, which is above the national median of 5.95%. The average local sales tax rate is an additional 0%. Idaho's state and local governments collect $821 per person in general sales taxes and $295 per person in excise taxes, for a combined figure of $1,116, which ranks 43rd highest nationally. Idaho's gasoline tax stands at 32 cents per gallon, 14th highest nationally, while its cigarette tax stands at $0.57, 43rd highest nationally.
50-State Table of State and Local General and Selective Sales Tax Collections Per Capita
Idaho Property Tax Collections Relatively Low
Idaho's state and local governments collected approximately $888 per person in property taxes in 2013, which ranks 41st nationally.
State and local property tax collections per capita by state
Tax Freedom Day Arrives on April 15th in Idaho
Tax Freedom Day is the day when Americans have finally earned enough money to pay off their total tax bill for the year. In 2016, Idaho taxpayers have to work until April 15th (16th earliest nationally) to pay their total tax bill.
Idaho's State and Local Tax Burden Ranks 26th
Idaho's 2012 tax burden of 9.3% ranks 26th highest in the nation, and is below the national average of 9.9%. Idaho's taxpayers pay $3,318 per capita in state and local taxes.
Idaho's State-Local Tax Burden, 1977-Present
Other States' State/Local Tax Burdens
Map of U.S. Showing all State's Burdens and Ranks
Historical Chart Comparing All States' State/Local Tax Burdens from 1977 to 2009
Idaho's 2016 Business Tax Climate Index Ranks 19th
Idaho ranks 19th on the Tax Foundation's State Business Tax Climate Index. The Index compares the states in five areas of taxation that impact business: corporate taxes (24th), individual income taxes (23rd), sales taxes (20th), unemployment insurance taxes (45th), and taxes on property (4th), including residential and commercial property.
State Business Tax Climate Index (full study)
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