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