2005 Idaho Code - 63-2903 — ADDITIONAL INCOME TAX CREDIT FOR CAPITAL INVESTMENT

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 29
            THE IDAHO CORPORATE HEADQUARTERS INCENTIVE ACT OF 2005
    63-2903.  ADDITIONAL INCOME TAX CREDIT FOR CAPITAL INVESTMENT. (1) For
taxable years beginning on or after January 1, 2005, and before December 31,
2009, and subject to the limitations of this chapter, a taxpayer who has
certified that the tax incentive criteria will be met within a project site
during a project period shall, in regard to qualified investments made after
the beginning of the project period and before December 31, 2009, in lieu of
the investment tax credit provided in section 63-3029B, Idaho Code, be allowed
a nonrefundable credit against taxes imposed by sections 63-3024, 63-3025 and
63-3025A, Idaho Code, in the amount of six percent (6%) of the amount of
qualified investment made during a taxable year, wherever located within this
state.
    (2)  The credit allowed by this section shall not be subject to the fifty
percent (50%) limitation provided in section 63-3029B, Idaho Code.
    (3)  The credit allowed by this section shall not exceed five million
dollars ($5,000,000) in any one (1) taxable year.