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If a business decides to voluntarily report property with a value of $50 or less to Idaho, can these items be reported in aggregate (one sum total)?

April 26, 2017Business decides Idaho items Property report reported value voluntarily

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If a business decides to voluntarily report property with a value of $50 or less to Idaho, can these items be reported in aggregate (one sum total)?

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You can report these items in one sum total. However, holders are required to maintain owner information in their records. We suggest you provide the owner names and amounts due to each owner whenever possible so that the property can be advertised and returned to the owner. Contact us if you need more information.