Idaho Code — Title 63 (Revenue and Taxation)
Idaho Code § 63-4404
Real property improvement tax credit
# (1)
For taxable years beginning on or after January 1, 2006, and before December 31, 2030, 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.
Amendment history
63-4404, added 2005, ch. 370, sec. 1, p. 1181; am. 2006, ch. 314, sec. 3, p. 977; am. 2009, ch. 191, sec. 3, p. 624; am. 2020, ch. 243, sec. 3, p. 713.
Source: view the official text
In this chapter (9 sections)
- 63-4401 · Short title
- 63-4402 · Definitions
- 63-4403 · Additional income tax credit for capital investment
- 63-4404 · Real property improvement tax credit
- 63-4405 · Additional income tax credit for new jobs
- 63-4406 · Limitations, and other provisions on credits against income…
- 63-4407 · Recapture
- 63-4408 · Sales and use tax incentives — Rebates — Recapture
- 63-4409 · Administration