Save money the Idaho way.
It’s no wonder Idaho is such an attractive place for doing business. Our operating costs are low, our tax structure is predictable and our companies benefit from a variety of tax incentives, property tax exemptions and workforce training grants.
The Tax Reimbursement Incentive (TRI) is a performance-based incentive featuring a tax credit of up to 30% for up to 15 years on new state tax revenues generated by companies seeking to expand in or relocate to Idaho by adding new, qualifying jobs.
New data centers choosing to locate in Idaho will be eligible for sales tax exemption on server equipment as well as construction materials used in the construction of the data center facility.
Idaho Opportunity Fund
Funding for the Idaho Opportunity Fund is allotted at the discretion of the Idaho Commerce director for infrastructure improvements to help attract or accommodate a new commercial or industrial facility.
Idaho Business Advantage
If your business invests at least $500,000 in new facilities and creates at least 10 jobs paying at least $40,000 a year with benefits, you may qualify for a wide package of incentives, including tax credits, sales tax rebates, and property tax exemptions.
3% Investment Tax Credit
An investment tax credit on all new depreciable, tangible, personal property (machinery and equipment) used in Idaho.
Property Tax Exemption
Depending on the county, businesses investing at least $500,000 in new or existing non-retail, commercial or industrial facilities, may qualify for a full or partial property tax exemption for up to five years.
Employers are eligible to receive a 20% tax credit for contributions made to an employee’s IDeal college savings account. The tax credit is capped at $500 per employee, per taxable year.
Workforce Development Reimbursements
Receive up to $3,000 in cash reimbursements for the training of new, full-time employees or for helping retain employees facing permanent layoff through workforce development training reimbursements.
For more details on these and other incentives, download our incentives one-sheet or incentive manual. Use the form below to contact us for a personalized and confidential review of how Idaho’s incentive programs can benefit your business.