Idaho Revises Sales Tax Exemptions, Defines Small Seller Criteria

The Idaho Governor signed a law that amends the Idaho Code to revise provisions regarding occasional sales tax exemptions and establish new small seller sales tax provisions. The law includes: 1) defining a small seller as an Idaho resident with annual sales under $5,000; 2) clarify that homeowners with more than two yard sales may qualify as small sellers; 3) establishing requirements for sellers exceeding the $5,000 threshold; and 4) requiring those exceeding $7,500 in annual sales to collect and remit tax on all sales made during the calendar year. The law takes effect July 1. [H.B. 792, enacted 03/26/26] ...