ID H0279

Establishes the "Hire One Act" providing an income tax credit to rated employers (non-governmental, non-profit entities) for hiring new employees in Idaho counties with specified unemployment rates and minimum wage thresholds.

Creates two credit tiers: $1,000 per employee earning $15.50+ per hour with employer health coverage, or $500 per employee in revenue-producing enterprises earning $12.00+ per hour (in high unemployment counties) or $15.00+ per hour (in low unemployment counties).

Limits total credits to 3.25% of net income and caps combined credits at 50% of tax liability; unused credits may be carried forward three years if employment levels are maintained.

Amends Section 63-4405 to clarify that the special new jobs credit applies to employees earning more than $24.04 per hour, with credit amounts ranging from $1,500 to $3,000 depending on salary tier.

Becomes effective retroactively January 1, 2011, with Sections 1 and 2 expiring and becoming void on January 1, 2014.