Idaho H0506 revises sales and use tax rebate provisions for developers of retail complexes with approved transportation improvements.
Idaho H0506 amends existing law to revise provisions regarding the sales and use tax rebate for developers of retail complexes. The bill specifies that developers can receive a rebate of 60% of sales and use taxes collected by qualified retailers within the complex, provided the developer meets certain criteria. These include entering into an agreement with the Idaho transportation board or a political subdivision, incurring project expenses for approved transportation improvements costing over $6 million, and expending a minimum of $4 million.
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