POPULATION: 1,545,801 (2009)
LABOR FORCE: 756,100 (2010)
RIGHT TO WORK: Yes
TRADITIONAL INDUSTRIES: Agriculture and food processing,
manufacturing, high-tech
EXPANDING INDUSTRIES: Health services, business services,
semiconductor and other electronic
manufacturing, retail trades, construction,
alternative/renewable
energy, aeronautics, firearms,
recreational technology
COLLEGE GRADUATES: (Age 25 and over) 25.9% (2009)
BASIC BUSINESS TAXES:
Corporate Income Tax:
7.6 percent of taxable income with a $20
minimum
Corporate Organization and
Qualification Fees: $100 for articles
of incorporation or certificate of
authority
Sales and Use Tax: (As of October
1, 2009) 6 percent of retail sales
price of taxable property; use tax
of 6 percent on value of property
if not taxed at the point of sale
Property Tax: No state property
tax. However, counties and municipal
jurisdictions have varying property
tax rates; real property is assessed
at 100 percent of market value;
rates vary among county and
municipal jurisdictions, 2009 average
of 1.086 percent
BUSINESS INCENTIVES
Tax increment financing
Community Development Block
Grants
Workforce Development Training
Fund
New Jobs Tax Credit
Investment Tax Credit
Industrial revenue bonds
Idaho Business Advantage
Rural business development grants
Goods-in-transit exemption
Research & Development Tax Credit
Pollution equipment exemption
Production equipment exemption
from Idaho sales and use tax
Sales tax exemption (industrial fuels
and raw materials)
R&D Income Tax Credit
R&D Sales Tax Credit
Net operating loss deductions
Prime rate loans
Manufacturing investment property
tax exemption
Large business property tax cap
