Idaho Processing Materials Used in Energy Production Exempt

Effective July 1, 2008, Idaho HB 561 amends existing law to provide that the production exemption from sales and use tax shall be available to a business or separately operated segment of a business engaged in the business of processing materials, substances or commodities for use as fuel for the production of energy. The exemption is available regardless of 1) business type, 2) ownership of the materials being processed, or 3) ultimate sale within or outside of Idaho. (2008 ID H.B. 561, Effective July 1, 2008)