Idaho H0751 revises sales and use tax rebate provisions for developers of retail complexes.

Idaho H0751 amends existing law to revise provisions regarding a sales and use tax rebate for certain developers of retail complexes. The bill specifies that developers can claim a rebate of 60% of sales and use taxes collected by qualified retailers within the complex, subject to certain conditions. To qualify, the developer must have entered into an agreement with the Idaho transportation board or a political subdivision for approved transportation improvements costing over $6 million. The developer must also have expended at least $4 million on these improvements.

Idaho H0751 revises sales and use tax rebate provisions for developers of retail complexes.

Idaho H0751 amends existing law to revise provisions regarding a sales and use tax rebate for certain developers of retail complexes. The bill specifies that developers can claim a rebate of 60% of sales and use taxes collected by qualified retailers within the complex, subject to certain conditions. To qualify, the developer must have entered into an agreement with the Idaho transportation board or a political subdivision for approved transportation improvements costing over $6 million. The developer must also have expended at least $4 million on these improvements.