Why incorporate in Idaho?
Business Information & Rankings
- Idaho ranked as the lowest-cost place to do business among the eight Western states (Economy.com)
- Boise ranked as the Best Place in the U.S. for Business and Careers. (Forbes magazine)
- Boise ranked 2nd for Best Places for Business (Inc. magazine)
Cost of living
|For Boise, ID (2005):||Index Score|
|Misc. Goods & Services:||101.9|
Idaho has the 15th lowest crime ranking in the U.S. (F.B.I, 2004)
Fees & Taxes
Business Inventory Tax
Business inventory is exempt.
Corporate Income Tax
The income tax rate is 7.6% on the Idaho taxable income of a corporation transacting business in Idaho or with income attributable to Idaho. If the tax is less than $20.00, a minimum tax payment of $20.00 is required.
Personal Income Tax
Idaho’s personal income tax system consists of eight brackets with a top rate of 7.8% starting at an income level of $21,730.
Personal Property Tax
Taxable. Idaho is one of the 12 states that does not collect state-level property taxes. The average property tax rate is approximately 1.67% for Urban and 1.179% for rural property.
There is no intangible personal property tax.
State Sales and Use Tax
Base Rate: 6%
Machinery Rate: 5%
Idaho’s new employers’ rate is 1.5% for 1.5 years.