Section 67-4739 – APPLICATION — PROCESS — AGREEMENTS — REIMBURSEMENT.
67-4739. APPLICATION — PROCESS — AGREEMENTS — REIMBURSEMENT. (1) A business entity may claim a refundable tax credit for creating a minimum number of new jobs in the state of Idaho. In order to be considered for participation, an applicant or its designated representative must submit an application to the director and shall include: (a) […]
Section 67-4740 – AGREEMENT WITH APPLICANT.
67-4740. AGREEMENT WITH APPLICANT. With instruction from the council, and in accordance with criteria as established by rules, the director of the department shall enter into a reimbursement incentive agreement with the applicant, provided the agreement defines the following in addition to the terms as approved by the council: (a) The term of the agreement, […]
Section 67-4741 – APPLICANT’S ANNUAL REPORTING PROCEDURE.
67-4741. APPLICANT’S ANNUAL REPORTING PROCEDURE. (1) On an annual basis during the term of the project, the applicant shall submit to the department reporting information outlined in the agreement that shall include, but not be limited to, the following: (a) Supporting documentation of the new state revenues from the applicant’s new project that were paid […]
Section 67-4742 – ANNUAL REPORTING BY DEPARTMENT.
67-4742. ANNUAL REPORTING BY DEPARTMENT. (1) The department shall create an annual written report for the governor and the legislature describing: (a) The department’s success under this act in attracting new jobs; (b) The estimated amount of tax credit commitments made by the department and the period of time over which tax credits will be […]
Section 67-4743 – SUSPENSION OF IDAHO REIMBURSEMENT INCENTIVE ACT.
67-4743. SUSPENSION OF IDAHO REIMBURSEMENT INCENTIVE ACT. (1) The director shall suspend the issuance of all new agreements with applicants upon the occurrence of the following conditions: (a) The governor orders a temporary reduction of general fund spending authority, pursuant to section 67-3512A, Idaho Code; and (b) The governor issues an executive order directing the […]
Section 67-4744 – DIRECTOR RULEMAKING AUTHORITY.
67-4744. DIRECTOR RULEMAKING AUTHORITY. The director shall promulgate rules pursuant to chapter 52, title 67, Idaho Code, in the furtherance of the objectives of this act. History: [67-4744, added 2014, ch. 336, sec. 1, p. 833.]
Section 67-4760 – IDAHO BROADBAND FUND.
67-4760. IDAHO BROADBAND FUND. There is hereby created in the state treasury the Idaho broadband fund that will consist of such sums as may be appropriated by the legislature for the purpose of providing financial assistance in broadband infrastructure to promote equal access in economic development, public safety, telehealth, and education. Expenditures from the fund […]
Section 67-4730 – IDAHO GLOBAL ENTREPRENEURIAL MISSION (IGEM) RESEARCH.
67-4730. IDAHO GLOBAL ENTREPRENEURIAL MISSION (IGEM) RESEARCH. As funding becomes available from the legislature or other sources, and subject to any restrictions or directions established by the legislature, the state board of education and/or the department of commerce may allocate moneys to Boise state university, the university of Idaho, and Idaho state university to provide […]
Section 67-4761 – IDAHO BROADBAND ADVISORY BOARD.
67-4761. IDAHO BROADBAND ADVISORY BOARD. (1) There is hereby created within the department of commerce the Idaho broadband advisory board. The advisory board shall consist of three (3) members of the house of representatives appointed by the speaker of the house of representatives, three (3) members of the senate appointed by the president pro tempore […]
Section 67-4731 – COMMERCIALIZATION REVENUE DISTRIBUTION.
67-4731. COMMERCIALIZATION REVENUE DISTRIBUTION. Commercialization revenue shall be limited to revenue generated through the commercialization of university intellectual property rights in a work authored or an invention conceived or first reduced to practice in the performance of an IGEM grant award. For commercialization revenue generated through the IGEM university research initiative and by IGEM-funded research […]