Idaho H0671 amends sales and use tax rebate provisions for developers of retail complexes with approved transportation improvements.
Idaho H0671 revises the sales and use tax rebate provisions for developers of retail complexes that include approved transportation improvements. Developers can receive a rebate of 60% of sales and use taxes collected by qualified retailers within the complex, up to a specified limit. To qualify, the developer must have incurred project expenses for approved transportation improvements costing over $6 million, and must not have operated a retail business in the same location before construction. The rebate is paid from the demonstration pilot project fund, with no interest.
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