Idaho Admin. Code r. 28.04.01.152

Current through September 2, 2024
Section 28.04.01.152 - APPLICATION PROCESS
01.Inquiry. The business entity, or its authorized representative, may engage an authorized representative from the Department to complete an initial screening process. The screening process will assist the business entity in determining to proceed with a pre-application or application. Information necessary during screening includes general details about the Project, the number of full-time jobs, the number of new jobs, the minimum new jobs, the rural or urban area under consideration, the industry, the community contribution, as well as any other information requested to determine eligibility. The business entity, in consultation with the Department's representative, makes a determination to proceed with a pre-application or a full application depending on the project timeline, known project details or other factors associated with the project.
02.Pre-Application. After the business entity's determination to proceed with a pre-application, the business entity, or its authorized representative, will be provided with a pre-application. A pre-application may be completed by the business entity or an authorized representative of the business entity, such as an economic development or local government representative. A pre-application must detail the following:
a. A complete description of the proposed project and the estimated economic benefit that will accrue to the state as a result of the project;
b. A statement of dependency explaining whether the project will occur or how it will be altered if the application is denied by the council;
c. A letter from the city or county, or both, expressing a commitment to supply community contribution;
d. Detailed description of the proposed capital investment;
e. Detailed description of jobs to be created, an approximation of the number of such jobs to be created and the projected wages to be paid for such jobs; and
f. Detailed description of the estimated new state tax revenues by tax to be generated by the project.
03.Pre-Application Estimate Letter. Upon review and acceptance of a pre-application, the Director may issue an estimate letter to the business entity or its authorized representative, or both, which describes the estimated amount of the tax credit, the term of the tax credit, and any other contingencies determined necessary by the Department. This letter is not a binding commitment but an estimate based on the initial information supplied in the pre-application.
04.Application. After the business entity's determination to proceed with an application, the business entity will be given access to the application, which must include, but not be limited to, the following information:
a. A complete description of the proposed project and the estimated economic benefit that will accrue to the state as a result of the project;
b. An affidavit of criticality explaining that without the TRI incentive, the business entity would be forced to alter its project or not choose Idaho;
c. A letter from the city or county, or both, describing their commitment to supply community contribution, a specific description of the contribution, and the amount of the contribution;
d. Business entities currently doing business in Idaho will supply a letter from the Idaho State Tax commission confirming that the business entity is in good standing in the state of Idaho and is not in unresolved arrears in the payment of any state tax or fee administered by the tax commission;
e. An estimate of Idaho goods and services to be consumed or purchased by the business entity during the term;
f. Known or expected detriments to the environment or existing industries in the state;
g. An anticipated project inception date and proposed schedule of progress;
h. Any proposed performance requirements and measurements that must be met prior to issuance of the tax credit;
i. A description of any proposed capital investment;
j. A detailed schedule and description of the projected jobs to be created, the projected wages to be paid for those jobs, and the anticipated hiring schedule for those jobs; and
k. The estimated new state tax revenues to be generated by the project.
05.Application Recommendation Letter. Upon review of an application, the Director may issue a letter that details the Director's anticipated recommendation to the Council. The letter may include the percentage of the tax credit, the term of the tax credit, and any other contingencies determined necessary by the Department. All application recommendation letters must contain a "subject to Economic Advisory Council approval" contingency clause.
06.Technical Review - Pre-Application. The Director and Department staff will complete a technical review of each pre-application. Upon satisfaction that all pre-application requirements are met, the Director may issue an estimate letter.
07.Technical Review - Application. The Director of the Department and Department staff will complete a technical review and economic impact analysis of each application. The technical review will consider many economic factors and external information sources such as, but not limited to, the region, industry, financial health and history of the business entity, as well as the quality, quantity and economic impact of new jobs and new state revenue. Upon satisfaction that all application requirements are met, the Director may submit a recommendation for award to the Council.
08.Economic Advisory Council. The Council reviews the application and the Director recommendations. Following review the council has the following three (3) options:
a. Request additional information or action from the Director in order to obtain necessary information to approve or reject the application; or
b. Approve the application and instruct the Director to enter into an incentive agreement with the business entity; or
c. Reject the application.
d. An approval or rejection from the council is not considered a contested case pursuant to Chapter 52, Title 67, Idaho Code, provided, however, that nothing in this section prohibits an aggrieved applicant from seeking judicial review as provided in Chapter 52, Title 67, Idaho Code.
09.Pre-Application Schedule. The pre-application is open year round. Review of pre-applications are subject to the meeting schedule of Department staff.
10.Application Schedule. The application is open year round. Review of applications is subject to the meeting schedule of Department Staff and the Council. The Council will meet no less than quarterly and has the ability to meet more often at the request of the Director.

Idaho Admin. Code r. 28.04.01.152

Effective March 31, 2022