Idaho Business Advantage Analysis - Key Incentives | Idaho Economy

Analysis of Key Incentives

Property Tax Incentives

Property Tax Exemption for investments of $3 million or more in new manufacturing facilities
Large Business Property Tax Cap for investments of $1 billion or more (exemption on property value over $400 million)
Large Employer Property Tax Cap for businesses employing 1,500+ people and investing $25 million annually (exemption on property value over $800 million)
100% Property Tax Exemption on business inventory and registered motor vehicles, vessels, and aircraft
Idaho does not have an inventory tax

3% Investment Tax Credit for qualifying new investments
5% Research Income Tax Credit for basic and qualified research
Corporate Income Tax rate of 7.6%, with apportionment formulas favoring multi-state corporations

Production Sales Tax Exemption for equipment and materials used in manufacturing, processing, mining, fabrication, logging, clean rooms, and research and development
No sales tax on services, including telecommunication services and utilities (water, gas, electricity, natural gas)
No local option sales tax in the region