IDAPA 35.01.03.631 — TAX EXEMPTION FOR INVESTMENT IN NEW OR EXISTING PLANT AND BUILDING

FACILITIES UPON COUNTY COMMISSIONERS' APPROVAL.
Sections 63-201, 63-602NN, Idaho Code
01.
The Investment in Plant. To qualify for this exemption a taxpayer must invest at least the
minimum required investment as established by county ordinance in new or existing plant or building facilities
excluding the investment in land.
(7-1-24)
a.
Ordinance to establish the minimum required investment. The county commissioners must pass an
ordinance to establish any minimum required investment amount of not less than five hundred thousand dollars
($500,000). Once passed, any minimum so established will remain in place until superseded by another ordinance.
(7-1-24)
b.
Frequency of ordinances to establish minimum required investment. Any ordinance establishing a
minimum required investment must remain in effect during the tax year in which it is first in effect. After that tax
year, the county commissioners may provide a different required investment amount by passing a new ordinance.
However, any agreement entered into under minimum investment criteria established by prior ordinance is effective
for the duration of the exemption time period granted.
(7-1-24)
02.
The Exemption. The board of county commissioners may agree to exempt all or a portion of the
value of non-retail commercial and industrial real property improvements and associated personal property that
would otherwise be in excess of the base value for property designated as the defined project for a period of up to five
(5) years. Real property improvements owned or leased, and personal property owned, by the taxpayer applying for
the exemption may be granted the exemption.
(7-1-24)
a.
The base value is the taxable value, as defined in Section 63-201(29), Idaho Code, and listed on the
property roll, subsequent property roll, or missed property roll, of the property associated with the plant investment
for the tax year immediately preceding the first year in which the exemption is to be granted. This includes the
taxable value of existing buildings and personal property but not the taxable value of land.
(7-1-24)
b.
Site improvements, which may add value to land, but are not otherwise categorized as
improvements for property tax purposes, are not eligible for this exemption.
(7-1-24)
c.
Non-retail portions of any mixed-use building or structure otherwise used for commercial or
industrial purposes may qualify.
(7-1-24)
IDAHO ADMINISTRATIVE CODE
IDAPA 35.01.03
State Tax Commission
Property Tax Administrative Rules
Section 632
Page 58
d.
Except as provided in Paragraph 631.02.f. with respect to occupancy tax, the taxpayer must make
application by April 15 of the first year for which the exemption is sought. Such application must be made with the
county commissioners who have complete discretion to accept or deny the application.
(7-1-24)
e.
The amount of exemption as provided by the contractual agreement of the county commissioners
and the taxpayer may be any amount related to the taxable value added due to the investment above the base value.
(7-1-24)
f.
As provided in Section 63-602Z, Idaho Code, the exemption may apply to property subject to
occupancy tax. Granting of the exemption from occupancy tax will not reduce the period during which the property
tax exemption provided in Section 63-602NN, Idaho Code, may be granted. The April 15 application deadline is not
applicable to exemption from occupancy tax, which may be granted any time during the year.
(7-1-24)