Bill Gives Idaho Business Tax Incentive to Create Jobs
BOISE, Idaho (AP) — A tax incentive plan aimed at luring business to expand in Idaho is headed to the Senate floor despite some lawmakers’ concerns that it could permit cronyism. The bill would hand a 30 percent tax cut to businesses that create 50 new jobs in an urban area or 20 in a rural area. Department of Commerce Director Jeff Sayer told the Senate Local Government and Taxation Committee the measure could be the deciding factor for employers mulling a new project in Idaho. But opponents say incoming businesses could use those tax savings to undercut small local employers who don’t qualify for the incentive. They also challenged the idea of a seven-person board getting the final word on who receives the credit — with no option to appeal.