ID H0448

Amends Idaho Code Section 63-602NN to revise property tax exemption criteria for new manufacturing plant and building facilities

Removes the requirement that projects must be located in a rural development zone as defined by the United States Department of Agriculture rural development's business and industry loan program

Allows property tax exemptions for projects located outside rural development zones if they are within incorporated city limits and the city council adopts an ordinance requesting the exemption

Maintains the requirement for capital investments of at least $3,000,000 in new plant during the project period and demonstration of significant economic benefits to the county

Exempts property for up to five years and declares the act effective retroactively to January 1, 2010 as an emergency measure