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 lowering the threshold for "approved transportation improvements" from a cost of over six million dollars to over five million dollars, and expanding the definition of such improvements to include costs directly associated with highway projects. Additionally, the bill clarifies that developers must enter into agreements with either the Idaho transportation board or a political subdivision to qualify for rebates.

Furthermore, the bill increases the cap on total rebates that can be paid for a particular approved transportation improvement from thirty-five million dollars to one hundred million dollars. It establishes a demonstration pilot project fund for the rebates and mandates that the state tax commission must process rebate payments within sixty days of receipt, contingent on available funds. The bill also declares an emergency, making it effective immediately upon passage and retroactively applicable from January 1, 2026.

Statutes affected:
Bill Text: 63-3641