US Laws, Codes, Statutes & Cases

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 44
                THE IDAHO SMALL EMPLOYER INCENTIVE ACT OF 2005
    63-4403.  ADDITIONAL INCOME TAX CREDIT FOR CAPITAL INVESTMENT. (1) For
taxable years beginning on or after January 1, 2006, and before December 31,
2010, 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, 2010, 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 three and seventy-five one hundredths
percent (3.75%) 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 exceed sixty-two and
five-tenths percent (62.5%) of the tax liability of the taxpayer.
    (3)  The credit allowed by this section shall not exceed  seven hundred
fifty thousand dollars ($750,000) in any one (1) taxable year.