ID H0718

Establishes a $10.00 per green ton income tax credit for biomass owners who deliver qualifying woody biomass to biomass energy producing facilities in Idaho.

Defines qualifying biomass as renewable woody biomass that would otherwise remain in forests or rangelands and would not be collected without the tax credit incentive; excludes yard debris, urban waste, black liquor, sawmill waste, and chemically treated wood.

Allows unused credits to be carried forward for up to 14 succeeding tax years, subject to taxpayer's combined tax liability limitations.

Requires biomass energy producing facilities to provide written receipts documenting the quantity of biomass delivered and its exclusive use for producing heat, steam, biofuel, or electricity.

Tax credits apply for tax years beginning January 1, 2010 through December 31, 2014, with provisions for recapture of credits if recipients are determined to be ineligible.