2013 Idaho Statutes
Title 63 - REVENUE AND TAXATION
Chapter 44 - THE IDAHO SMALL EMPLOYER INCENTIVE ACT OF 2005
Section 63-4405 - ADDITIONAL INCOME TAX CREDIT FOR NEW JOBS.
(2) The credit provided by this section shall be:
(3) The credit allowed by subsection (1) of this section shall apply only to employment primarily within the project site. No credit shall be earned unless such employee shall have performed such duties for the taxpayer for a minimum of nine (9) months during the taxable year for which the credit is claimed.
(4) The credit allowed by this section shall not exceed sixty-two and five-tenths percent (62.5%) of the tax liability of the taxpayer.
(5) Employees transferred from a related taxpayer or acquired from another taxpayer within the prior twelve (12) months shall not be included in the computation of the credit unless the transfer creates a net new job in Idaho.
History:
[63-4405, added 2005, ch. 370, sec. 1, p. 1182; am. 2006, ch. 314, sec. 4, p. 978; am. 2009, ch. 191, sec. 4, p. 624; am. 2011, ch. 318, sec. 4, p. 928.]
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