INCENTIVE DESCRIPTION

State:	ID
Incentive Type:	Property Tax Incentives
Incentive Title:	Property Tax Abatements
Description:	1. PERSONAL PROPERTY EXEMPTION IN LIEU OF INVESTMENT TAX CREDIT A two year exemption form property tax on qualified personal property is available in lieu of the 3% investment tax credit. The exemption is available only if a loss was incurred in the second preceding tax year in which the property is placed in service. The loss must have been computed without regard to any carryover or carryback of net operating losses. 2. TAX CAP ON PROPERTY VALUES EXCEEDING $800 MILLION Companies with property values that exceed $800 million are exempt from paying additional property taxes on the excess value if they make a yearly capital investment of at least $25 million and employ a minimum of 1,500 full-time employees. 3. 100% PROPERTY TAX EXEMPTION Applies to business inventory; registered motor vehicles, vessels, and aircraft; goods in transit and pollution control equipment.
Eligibility Requirements:	1. Business must not have taken the 3% investment tax credit. 2. Companies must have property values exceeding $800 million. 3. Must have qualified property.
Geographic Restrictions:	Statewide
Granting Authority:	State of Idaho

The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.