This bill amends Section 63-3641 of the Idaho Code to revise the provisions regarding the rebate of sales tax collected from qualified retailers within retail complexes. The key changes include increasing the threshold for "approved transportation improvements" from a cost of six million dollars to ten million dollars and modifying the definition of such improvements to include only those that are directly associated with the highway project. Additionally, the bill specifies that developers must enter into agreements with either the Idaho transportation board or a political subdivision to qualify for rebates.

Furthermore, the bill establishes that developers can receive a rebate of sixty percent of sales and use taxes collected, with a cap on total rebates for a particular approved transportation improvement raised from thirty-five million dollars to one hundred million dollars. The bill also emphasizes that all sales and use tax information will be treated as confidential and a trade secret. An emergency clause is included, making the act effective immediately upon passage and retroactively applicable from January 1, 2026.

Statutes affected:
Bill Text: 63-3641