It is the intent of the Board of County Commissioners to provide incentives for investments in existing business under the same criteria and limitations as set forth in § 33.07, with the following modifications:
(A) Investment includes only qualified investments as defined by Idaho Code § 63-602NN, not including replacement equipment; and
(B) The existing business may be eligible for a reduced exemption as follows:
Level of Investment | Investment | Exemption |
Level I | $500,000 to $3,000,000 | Up to 25% for up to three years |
Level II | $3,000,001 or more | Up to 30% for up to five years |
(Ord. 62, passed 12-12-2017)