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Section 63-205 of the Idaho state legislature pertains to the taxation of personal property in Idaho, detailing exemptions and reporting requirements.
Individuals and businesses that own taxable personal property in Idaho are required to file under Section 63-205.
To fill out Section 63-205, taxpayers must provide details about their personal property, including type, value, and location, typically using the prescribed forms available from the Idaho State Tax Commission.
The purpose of Section 63-205 is to assess and collect taxes on personal property in Idaho, ensuring proper valuation and compliance with state tax laws.
Taxpayers must report the type of personal property owned, its assessed value, and any applicable exemptions or deductions on Section 63-205.
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