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ID H0506
Bill
Status
1/20/2026
Primary Sponsor
Revenue and Taxation Committee
Click for details
AI Summary
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Increases the maximum rebate cap per approved transportation improvement from $35 million to $100 million for developers of retail complexes who fund highway projects
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Adds a new $10 million minimum cost threshold for highway improvements (as defined in section 40-109(5), Idaho Code) to qualify for the rebate program, alongside the existing $6 million threshold for interstate interchange installations
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Developers receive rebates of 60% of sales and use taxes collected by qualified retailers within their retail complex to reimburse costs of approved transportation improvements
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Declared an emergency measure with retroactive application to January 1, 2026
Legislative Description
Amends existing law to revise provisions regarding a sales and use tax rebate to certain developers of certain retail complexes.
SALES AND USE TAX
Last Action
Reported Printed and Referred to Revenue & Taxation
1/21/2026