INCENTIVE DESCRIPTION

State: ID
Incentive Type: Sales and Use Tax Incentives
Incentive Title: Sales Tax Exemptions
Description: 1. PRODUCTION EQUIPMENT EXEMPTION A 100% sales tax exemption is allowed for equipment and materials used in manufacturing, processing, mining, fabrication, logging, clean rooms and semi-conductor equipment. 2. HEADQUARTERS EXEMPTION A 100% exemption and refund is allowed for building construction and equipment for headquarters and administrative facilities. 3. SMALL EMPLOYER EXEMPTION A 25% refund is allowes for sales and use taxes for building materials and equipment. 4. INDUSTRIAL FUELS AND RAW MATERIALS EXEMPTION A 100% exemption is allowed from Idaho sales tax. 5. 100% RESEARCH AND DEVELOPMENT SALES TAX EXEMPTIONS Businesses can claim a 100% sales and use tax exemption for any property used in research and development activities.
Eligibility Requirements: 1. Must be a qualifying industry making eligible purchases as defined by Idaho regulations and statutes. 2. Must be a qualified headquarters or administration facility as defined by Idaho regulations. Must make timely refund application. 3. Must be a small employer as defined by Idaho regulations. Must make timely refund application. 4. Must be an eligible business making qualified purchases. 5. Must be an eligible business making qualified purchases.
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.