TAXATION – Adds to existing law to provide certain tax and other incentives to entities that build new pipelines in Idaho.
Reported Printed and Referred to Revenue & Taxation
Summary
The bill would give developers of large, new pipelines that bring crude oil or refined products into Idaho a 35% income‑tax credit, plus exemptions from property and sales taxes. It also speeds up state permitting and directs agencies to look for federal grant money to help fund the projects. The aim is to boost Idaho’s fuel‑supply security, but the measure did not pass.
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