Idaho H0943 provides tax incentives for entities building new pipelines in Idaho.

Idaho H0943, known as the Protecting Idaho Pipeline Energy Security Act, aims to encourage the construction of new pipelines in Idaho by offering tax incentives. The bill defines a "strategic pipeline infrastructure project" as a new pipeline investment exceeding $50 million that crosses into Idaho from an adjacent state or nation without an existing pipeline. It provides an income tax credit, property tax exemption, and sales tax exemption for such projects. State agencies are directed to expedite federal regulatory reviews and approvals for these projects.

Idaho H0943 provides tax incentives for entities building new pipelines in Idaho.

Idaho H0943, known as the Protecting Idaho Pipeline Energy Security Act, aims to encourage the construction of new pipelines in Idaho by offering tax incentives. The bill defines a "strategic pipeline infrastructure project" as a new pipeline investment exceeding $50 million that crosses into Idaho from an adjacent state or nation without an existing pipeline. It provides an income tax credit, property tax exemption, and sales tax exemption for such projects. State agencies are directed to expedite federal regulatory reviews and approvals for these projects.