IDAHO'S TAX STRUCTURE Very Low Per Capita Tax Burden Investment Tax Credits Job Creation Tax Credits Net Operating Loss Carry Back & Carry Forward No Sales and Use Tax On Machinery and Equipment used in Manufacturing or Pollution Control No Property Tax on Pollution Control Equipment No Tax on Inventories and Goods in Transit

It is a public policy of the State of Idaho to encourage business development by providing a good climate for economic growth. With its sound tax structure, reasonable rates and the third lowest overall per capita tax burden among the 11 western states, Idaho makes good business sense.

State tax revenues come from a balanced mix of personal income, sales and corporate income taxes, providing a stable base with which to fund public services without unfairly burdening any sector.

In fact, Idaho's overall tax burden per capita is among the ten lowest of the 50 states. In every category, taxes per capita are below the national average. The lower cost of doing business here can mean high profits for your company.

Idaho also has tax incentives that can increase profitability, including an investment credit and certain tax exemptions. As authorized by federal legislation, the Idaho Code provides for issuance of Industrial Revenue Bonds (IRB's). Idaho cities and counties are able to form public corporations for the purpose of issuing these bonds. Idaho businesses are authorized to borrow up to $10 million at tax-exempt interest rates, which are significantly lower than conventional rates. These funds are available to help cities and counties provide sewers, water and roads to plant sites. Up to $500,000 for any one project is available.

LINKS OF INTEREST:

• Nez Perce County - Website  
• Nez Perce County Assessor  
• Nez Perce County - Property Tax Payments  
• Idaho State Tax Commission

Bob Tippett, Email
(208) 799-9083
Fax: (208) 799-9082
111 Main Street, Suite 130
Lewiston, Idaho 83501