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 costs exceeding six million dollars to those exceeding five million dollars. Additionally, the bill specifies that developers must enter into agreements with the Idaho transportation board or a political subdivision, and it prohibits amendments to these agreements that would expand or redefine the scope of the approved improvements. The definition of a "retail complex" is also clarified to include facilities related to the buildings and a minimum expenditure requirement of four million dollars.

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

Statutes affected:
Bill Text: 63-3641