A taxpayer who totaled his leased vehicle, exercised his option to purchase the vehicle for the residual value of $18,738, and then sold the damaged vehicle to a salvage yard for $5,580 was not entitled to a refund of Idaho sales tax paid on the difference between the purchase price and the salvage value of the vehicle. Idaho tax law specifies that if a lessee exercises an option to buy, the lessor must collect sales tax on the full remaining purchase price when the option is exercised. The second transaction – the sale of the damaged vehicle to the salvage yard – did not affect the taxability of the first transaction.Idaho tax law does not allow for a reduction in tax when the amount paid exceeds the value of the tangible personal property purchased.(Decision No. 26111, Idaho State Tax Commission, August 1, 2014, released December 2014)