Nampa Development Incentives
Idaho offers a variety of programs to assist new and expanding companies
3% Investment Tax Credit
Available for qualifying new investments in Idaho. The credit can offset up to 50% of your state income tax liability and may be carried forward up to 14 years.
In lieu of this income tax credit, a two-year exemption from property tax on qualified personal property is available. 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. Get More Information.
Up To $2000 New Employee Training Reimburement
Available for each new job created by companies qualifying for Idaho's Workforce Development Training Fund program. Visit the site.
$1000 New Jobs Income Tax Credit
Available for any business that adds new employees whose annual earnings average $15.50 per hour or more and who are eligible to receive employer provided coverage under an accident or health plan.
$500 New Jobs Income Tax Credit
Available for businesses that produce, assemble, fabricate, manufacture, or process natural resource products. May not be combined with the $1000 new jobs tax credit.
5% Research and Development Income Tax Credit
Available for basic research and costs of qualified research that is performed in Idaho. The research and development tax credit is transferable.
100% Research and Development Income Tax Credit
Businesses can claim a 100% sales and use tax exemption for any property used in research and development activities.
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.
The Idaho Corporate Advantage
Large companies that relocate headquarters or make a major administrative expansion in Idaho will benefit from this package. Qualifying companies receive a 6% tax credit with no limitation and an enhanced new jobs tax credit starting at $1,000, climbing to $3,000 per position. A 10% real property improvement tax credit of up to $500,000 in any one year is also available along with temporary tax abatement for new headquarters and administrative buildings of up to $2 million a year. Companies also receive temporary sales tax abatement for materials used in the construction of new buildings.
3% Broadband Telecom Tax Credit
Up to $750,000 on Idaho State Income Tax for qualified broadband equipment. Credit is transferable.
100% Production Sales Tax Exemption
Idaho sales and use tax exemptions are available for equipment and materials used directly in manufacturing, processing, mining, fabrication, or logging operations; and for clean rooms used in semiconductor and semiconductor equipment manufacturing.
Net Operation Loss Deductions
Carry back up to $100,000 loss per tax year for two years. Losses not absorbed in two years may be carried forward for a maximum of 20 years or until absorbed.
100% Property Tax Exemption
Applies to business inventory and registered motor vehicles, vessels, and aircraft.
100% Goods-in-Transit Tax Exemption
Plus an additional exemption from sales and use tax for goods purchased by a carrier in its business and delivered outside of Idaho.
100% Pollution Control Equipment Tax Exemption
Applicable to sales and use tax for equipment required by state and federal regulation. Required pollution control facilities are exempt from property tax.
100% Industrial Fuels and Raw Materials Exemption
From Idaho sales tax.
Idaho Prime Rate Loan Program
Offers low interest loans for any purpose to qualifying small businesses. Loans are offered by commercial banks and have up to 85% Small Business Administration guaranty.
Up to $20 Million in Industrial Revenue Bonding
Available to finance manufacturing, processing, production, and assembly projects. Tax-free bonds are issued by public corporation with project or business serving as collateral.
The Idaho Business Advantage
Smaller businesses that don't qualify for the Idaho Corporate Advantage but meet reduced requirements for new investment in headquarters or administrative buildings can receive a 3.75% investment tax credit with a credit limitation of 62.5% and a new jobs tax credit starting at $1,000, climbing to $3,000 per job. A 2.5% real property improvement tax credit of up to $125,000 in any one year is also available along with a temporary 25% sales tax abatement for materials used in the construction of new buildings.
