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Tax CreditIdahoActiveVerified

Idaho Business Advantage Investment Tax Credit

Idaho Department of Commerce (IDC)ID-BITCRefreshed 12 days ago
Do I qualify?
Who can apply

Businesses

Government-funded

Max funding

Varies

Amount varies

Type

Tax Credit

Reduces tax liability

Deadline

Rolling

No fixed cutoff

Timing

Annual tax return

Claim with year-end filing

Complexity

Moderate

File with tax return

About This Program

Provides a 3.15% income tax credit on new capital investment in qualifying Idaho businesses, capped at 62.5% of tax liability in any year. Remaining credits carry forward up to 14 years.

Key Requirements & Eligibility

  • 1Must be a new or expanding business in Idaho
  • 2Capital investment in qualifying equipment or real property
  • 3Credit: 3.15% of investment, up to 62.5% of annual tax liability
  • 4Unused credits carry forward for 14 years
  • 5Must meet minimum hourly wage threshold

Do I qualify?

Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.

0 of 5 answered

1.Must be a new or expanding business in Idaho

2.Capital investment in qualifying equipment or real property

3.Credit: 3.15% of investment, up to 62.5% of annual tax liability

4.Unused credits carry forward for 14 years

5.Must meet minimum hourly wage threshold

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