US Laws, Codes, Statutes & Cases

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 44
                THE IDAHO SMALL EMPLOYER INCENTIVE ACT OF 2005
    63-4404.  REAL PROPERTY IMPROVEMENT TAX CREDIT. (1) For taxable years
beginning on or after January 1, 2006, and before December 31, 2010, 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 be allowed a nonrefundable credit against taxes imposed by sections
63-3024, 63-3025 and 63-3025A, Idaho Code, in the amount of  two and
five-tenths percent (2.5%) of the investment in new plant which is incurred
during the project period applicable to the project site in which the
investment is made.
    (2)  The credit allowed by this section shall not exceed  one hundred
twenty-five thousand dollars ($125,000) in any one (1) taxable year.
    (3)  No credit is allowable under this section for a qualified investment
in regard to which a credit under section 63-4403, Idaho Code, is available.
    (4)  The credit allowed by this section is limited to buildings and
structural components of buildings related to new plant and building
facilities.