Semiconductor manufacturers get tax exemption in Idaho
IDAHO – Effective July 1, 2022, the purchase of any materials that are used to remodel, expand or construct a facility that makes semiconductors will be exempt from sales and use tax.
This is thanks to HB 678, or the Idaho Semiconductors for America Act.
Companies that are eligible for this exemption must submit a project outline to the state’s Department of Commerce by Dec. 1, 2026 to qualify.
- Share on
Free Training & Resources
Further Reading
States are always looking for ways to attract new businesses and prevent existing ones from pulling up stakes. Lowering corporate taxes is ...
The Internal Revenue Service has extended corporate, business and individual tax deadlines out to June 17 for San Diego, Detroit and dozens...
The IRS is about to put all of the the funding, personnel and technology advantages it now enjoys to use. Count on an upswing in audits of ...
The last few months of weather’s taken a toll on homes and businesses in many parts of the country. To lighten the load a bit, the IR...
Who says Democrats and Republicans can’t agree? A few weeks back, Donald Trump advocated for eliminating taxes on tips of workers in ...
Another April 15 came and went, leaving many of us poorer and grumbling about government spending. For business owners and the CFOs and con...
