ANNOUNCEMENT 04 Apr 2014
In 2014 the Idaho state government instituted a program to refund up to 30% of state taxes to businesses that create jobs.
NUMBER OF INTERVENTIONS
On April 4, 2014 the governor of Idaho signed into law a bill (HB546) known as the Idaho Reimbursement Incentive Act. Under this law, the state government will refund up to 30% of state corporate income taxes, payroll taxes, and sales taxes to businesses that create 50 new jobs in urban areas and 20 in rural areas. In order to be considered for participation, an applicant must submit information including (among other points) a ”detailed statement with an estimate of Idaho goods and services to be consumed or purchased by the applicant” and “[k]nown or expected detriments to the state or existing industries in the state.” The law went into effect July 1, 2014.