The Tax Reimbursement Incentive program (TRI) is rewarding companies for creating jobs in Idaho.
The Tax Reimbursement Incentive program (TRI) is offering a maximum credit of 30% on income, payroll and sales taxes for up to 15 years. Open to both existing Idaho businesses looking to expand and businesses looking to relocate to Idaho, TRI is available for a broad range of industries, including:
- Aerospace
- Agriculture
- Food Processing
- High Tech
Project requirements
To be considered eligible, projects must:
- Create 20-50 full time jobs (30 hours or more), based on the geographical area of the company
- Pay equal to or greater than the average county wage
- Have a meaningful contribution to the community
- Prove its stability and a significant economic impact to the community and Idaho
- Prove that the incentive is a critical factor to its decision
funding details
The percentage of tax credit and number of years granted will be evaluated using a combination of:
- Quantity of jobs
- Quality of wages
- Impact on the industry sector
- Impact on the local economy
- Impact on the state economy
