(A) No later than March 1 each year, beginning the year an exemption is effective, and continuing each year thereafter until the exemption ends, each recipient of an exemption under this subchapter shall submit a report and certification of compliance. The report shall contain, at a minimum, the following:
(1) The average number of full-time employees during the previous calendar year;
(2) A schedule of the employee positions, together with salaries paid, and employee benefit costs listed separately, together with copies of each Employer Quarterly Unemployment Insurance Tax Report for the previous calendar year (the civil penalties for filing a false report or untimely submission of the report can be found at Idaho Code § 72-1372);
(3) An itemized list of all new equipment and the cost and capitalization of each; and
(4) A compliance statement explaining whether recipient is in compliance with the terms and conditions of the exemption, and fully explaining any areas of non-compliance.
(B) Failure to timely submit a complete annual report is grounds for immediately terminating an exemption.
(C) The annual report shall be submitted to the County Assessor’s office, with a copy provided to the Board of County Commissioners.
(Ord. 62, passed 12-12-2017)