Idaho Administrative Code
Title IDAPA 35 - Tax Commission, State
Rule 35.01.01 - INCOME TAX ADMINISTRATIVE RULES
Section 35.01.01.944 - IDAHO SMALL EMPLOYER INCENTIVE ACT OF 2005 AS MODIFIED BY 2006 LEGISLATION - SMALL EMPLOYER REAL PROPERTY IMPROVEMENT TAX CREDIT
Universal Citation: ID Admin Code 35.01.01.944
Current through September 2, 2024
Sections 63-4404 and 63-4406, Idaho Code
01. Buildings and Structural Components of Buildings.
a. To qualify for the small employer real property improvement tax credit, buildings and structural components of buildings must meet the following requirements:
i. The buildings and structural components of buildings must be new as defined in Subsection 940.03 of these rules. Structural components placed in service as part of a renovation of an existing building do not qualify.
ii. The buildings and structural components of buildings must be placed in service at the project site.
b. Buildings and structural components of buildings that meet the definition of qualified investments pursuant to Section 63-3029B, Idaho Code, will not qualify for the small employer real property improvement tax credit.
Effective April 6, 2023
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