2005 Idaho Code - 63-2904 — REAL PROPERTY IMPROVEMENT TAX CREDIT

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 29
            THE IDAHO CORPORATE HEADQUARTERS INCENTIVE ACT OF 2005
    63-2904.  REAL PROPERTY IMPROVEMENT TAX CREDIT. (1) For taxable years
beginning on or after January 1, 2005, and before December 31, 2009, 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 ten percent (10%)
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 five hundred
thousand dollars ($500,000) 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 63-2903, Idaho Code, is available.
    (4)  The credit allowed by this section is limited to buildings and
structural components of buildings related to headquarters or administrative
facilities.