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ID H0172
Bill
Status
3/30/2015
Primary Sponsor
Revenue and Taxation Committee
Click for details
AI Summary
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Revises the definition of "new jobs" to require jobs that collectively pay an average annual wage equaling or exceeding the average annual county wage where jobs will be created, rather than referencing a different county standard.
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Changes application requirement from an "affidavit" to "a letter" from the tax commission confirming the applicant is in good standing and not in arrears on state taxes or fees.
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Adds requirement for applicants to identify any individual or entity entitled to rebates under section 63-3641 or 63-4408, Idaho Code, or required to obtain a separate seller's permit.
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Requires applicants to provide federal employer identification or social security numbers for each individual or entity included in the business entity definition.
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Modifies annual reporting requirements to change references from "affidavit" to "letter" from tax commission and removes reporting on known or expected detriments to state or existing industries.
Legislative Description
Amends existing law to revise the definition of "new jobs"; to revise application requirements; to revise the agreement with the applicant; and to revise applicant reporting requirements.
REIMBURSEMENT INCENTIVE ACT
Last Action
Reported Signed by Governor on March 30, 2015 Session Law Chapter 200 Effective: 07/01/2015
3/30/2015