Everything tagged

Latest from The Spokesman-Review

First applicant for new Idaho tax incentive is airline planning new maintenance facility

An airline is looking into coming to Idaho to set up a maintenance facility in Boise that would create 100 new jobs with salaries of close to $50,000 a year, Idaho’s state commerce chief says, in part because of a new tax incentive law. The firm, which will be named on Tuesday when the state’s Economic Advisory Council considers its application, is the first to apply for the state’s new economic reimbursement incentive – a new tax break that will refund up to 30 percent of a firm’s state corporate income, sales and payroll taxes for up to 15 years if they create specified numbers of new Idaho jobs.

“I think people will be pleased when they hear the name of the company,” said Idaho Commerce Director Jeff Sayer. “We’ll be announcing whether or not the proposal is approved. And then there may be a subsequent announcement later, we’re hoping, in this particular case, where the company will be announcing they’ve actually chosen Idaho.”

The new tax incentive law just took effect July 1. It offers the tax breaks to firms that create at least 20 new jobs in rural areas or at least 50 in urban areas, if the jobs pay at least the county average wage. It’s available both to existing Idaho businesses and to out-of-state firms; Sayer said the first applicant is coming from out of state. “We’re among the final states that they’re looking at, and they’ve asked us to fast-track this particular process so that they can make their decision and get going,” he said. “If they choose Boise, it’ll be a huge win for our aerospace industry sector and the airport and Boise all at the same time, so we’re hopeful.” You can read my full story here at spokesman.com.

Court: Tax Break For Private Ed OK

Item: Supreme Court upholds Arizona’s tax break for private education/Tribune Washington Bureau

More Info: The Supreme Court’s conservative majority opened the door for new state support for religious schools, ruling that special tax credits that pay for children to go to church schools cannot be challenged by dissenting taxpayers. The 5-4 decision is a major win for those who support the school choice movement and aid to parochial schools, and a potentially far-reaching loss for defenders of the separation of church and state.

Question: Should states provide tax breaks for private education?