SALES AND USE TAX – Amends existing law to revise provisions regarding a sales and use tax rebate for certain developers of certain retail complexes.

This Idaho bill (H 671) creates a 60% rebate on sales taxes collected by qualifying retailers in new retail complexes. Developers must spend at least $4 million on the complex and fund approved highway improvements costing over $5 million (like interchange upgrades) to qualify. The rebate, capped at $35 million per project, is paid from a new state fund and requires developers to submit documentation to the tax commission within two years of completing eligible transportation work. It directly affects retail developers and participating retailers in qualifying projects.