Idaho § 63-3502A LEVY OF TAX ON ANNUAL GROSS NATURAL GAS EARNINGS

Idaho Statutes

§ 63-3502A — LEVY OF TAX ON ANNUAL GROSS NATURAL GAS EARNINGS

Idaho § 63-3502A

Title 63REVENUE AND TAXATION

Ch. 35COOPERATIVE ELECTRICAL ASSOCIATIONS — TAXING GROSS EARNINGS

This text of Idaho § 63-3502A (LEVY OF TAX ON ANNUAL GROSS NATURAL GAS EARNINGS) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 63-3502A (2026).

Text

There shall be levied against every cooperative natural gas association in this state a tax of three and one-half percent (3 1/2%) of its annual gross earnings, after first reducing such gross earnings by its cost of natural gas. This tax shall be in lieu of all other taxes on the property of such association exempted pursuant to section 63-602JJ, Idaho Code, of the tax year next preceding the filing of the statement hereinafter provided for, and which shall be paid in the manner and at the time prescribed herein.

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There shall be levied against every cooperative natural gas association in this state a tax of three and one-half percent (3 1/2%) of its annual gross earnings, after first reducing such gross earnings by its cost of natural gas. This tax shall be in lieu of all other taxes on the property of such association exempted pursuant to section 63-602JJ, Idaho Code, of the tax year next preceding the filing of the statement hereinafter provided for, and which shall be paid in the manner and at the time prescribed herein.