|Contact: Taylor Walker
Idaho Economic Advisory Council Announces March 2019 Meeting
|BOISE, Idaho (March 11, 2019) — The Idaho Economic Advisory Council will meet Monday, March 18 at 3:00 p.m. to review a Tax Reimbursement Incentive application. The meeting will be held in the Clearwater Conference Room at Idaho Commerce on the second floor of the J.R. Williams Building (700 W. State Street, Boise).
The Tax Reimbursement Incentive application review will be held in Executive Session as a result of the proprietary company information that will be discussed, pursuant to Idaho Code 74-206(1)(d) to review records exempt from public disclosure under Idaho Code Sections 74-107(1), 74-107(6), and/or 67-4708. Upon approval by the Economic Advisory Council, the Tax Reimbursement Incentive awards would be announced in coordination with the companies’ announcement timeline.
View the full agenda here.
The Idaho Economic Advisory Council advises the Governor and Idaho Commerce on goals and objectives that further economic development within the state. The council makes recommendations to the Governor on applications for block grant funding and reviews industrial revenue bond allocations. Additionally, council members advise their regions on economic development opportunities and represent their interests to state government.
Beginning July 1, 2014, the Economic Advisory Council also gained statutory oversight authority for the new Idaho Tax Reimbursement Incentive. The council reviews and grants final approval for refundable credits on income, sales and payroll taxes of up to 30 percent for up to 15 years to qualifying new or expanding Idaho businesses.
For the full list of the Idaho Commerce Economic Advisory Council members, click here.
To learn more about Community Development Block Grant funding, click here.
To learn more about the Idaho Tax Reimbursement Incentive, click here.
Posted in Business