ID H0597

Amends Idaho Code Section 63-3029F to revise tax credits for employers who increase employment above prior year or three-year average levels.

Establishes three tiered credit amounts: $500 per employee, $1,000 per employee earning $15.50+ per hour with health insurance, and $2,000 per employee earning $16.83+ per hour with health insurance.

Caps total credit at 3.25% of net income from the business where employment increased, and limits all credits combined to 50% of tax liability.

Extends credit carryover period from 3 years to 5 succeeding taxable years for unused credits, with oldest credits used first if employment level is maintained.

Applies retroactively to January 1, 2010, and declared an emergency measure.