Limited Liability Company — Classification And Taxation

TITLE 63 REVENUE AND TAXATION CHAPTER 30 INCOME TAX 63-3006A. Limited liability company — Classification and taxation. Notwithstanding the provisions of section 63-3006 , Idaho Code, for the purposes of chapter 30, title 63 , Idaho Code, a limited liability company as defined in subsection (5) or (6) of section 53-601 , Idaho Code, or as defined in section 30-6-102 , Idaho Code, as appropriate pursuant to section 30-6-1104 , Idaho Code, shall be classified as a partnership, corporation, unincorporated association or otherwise pursuant to the provisions of the internal revenue code. A limited liability company that is classified as a partnership pursuant to the internal revenue code shall be treated as a partnership for purposes of chapter 30, title 63 , Idaho Code. A limited liability company that is classified other than a partnership pursuant to the internal revenue code shall be treated for purposes of chapter 30, title 63 , Idaho Code, in accordance with its classification.