IDAHO INCENTIVES SUMMARY
Idaho Opportunity Fund
The Opportunity Fund is a deal-closing fund available to strengthen the state competitiveness in supporting expansion of Idaho companies and to attract new companies to the state. The fund is used primarily for public infrastructure improvements to a new or existing facility.
Tax Reimbursement Incentive
A performance-based tax credit of up to 30 percent of income, payroll and sales taxes for up to 15 years. Companies must create a minimum of 20 new jobs in rural areas and 50 new jobs in urban areas. New jobs must be full-time and pay wages equal to or greater than the average county wage.
Idaho Business Advantage
Companies investing at least $500,000 in new facilities and create at least ten new jobs paying at least $40,000 annually plus benefits, with additional jobs paying an average of $15.50 per hour during project period, are eligible for this incentive. The incentive includes the following:
- Investment tax credit of 3.75 percent up to $750,000 or 6.25 percent of corporate income tax liability in any one year;
- New jobs tax credit ranging from $1,500 to $3,000 for new jobs paying greater than $24.04 per hour;
- Real property improvement tax credit of 2.5 percent up to $125,000 in any one year along with a 25 percent rebate on sales tax paid on construction material.
A partial or full property tax exemption for up to five years may be available at the discretion of the county commissioners.
3% Investment Tax Credit
Companies investing in qualified personal property may receive a three percent tax credit to offset up to 50 percent of tax liability. Unused tax credits may be carried forward for up to 14 years.
Property Tax Exemption
Companies that invest at least $500,000 (varies by county) in new manufacturing facilities may be eligible for a full or partial property tax exemption for up to five years.
Workforce Development Training Reimbursements
Reimbursements of up to $3,000 per new full-time employee for training. Existing employees may be eligible if facing a permanent layoff.
Notice: This list of economic development incentive programs is intended to provide a high-level overview of commonly pursued state discretionary programs. A comprehensive analysis of project details will determine the full scope of state and local incentive programs that may be available to support a specific project.