Idaho Clarifies Treatment of GILTI Income

Idaho has adopted temporary amendments to the rule governing the treatment of dividends for taxpayers that elect to use the water’s edge filing method. The amendments are intended to:

– avoid taxing repatriated dividend income previously included in a prior year’s Idaho apportionable income; and

– provide clarification on Idaho’s treatment of Global Intangible Low Tax Income (GILTI).

Temporary Administrative Rule 35.01.01.645T, Idaho State Tax Commission, effective January 4, 2019

Login to read more on CCHAnswerConnect.

Not a subscriber? Sign up for a free trial or contact us for a representative.

AUTHOR

CCHTaxGroup

All stories by: CCHTaxGroup