Bill > H0678

This bill adds a new section to existing Idaho law to provide a sales and use tax exemption for certain semiconductor projects. The exemption applies to the purchase or use of construction and building materials directly used for a qualifying semiconductor project by a qualifying covered entity during the project term, which can last until December 31, 2040. To qualify, the project must receive a meaningful semiconductor incentive from the federal government, such as funding from the CHIPS for America Act, and a meaningful incentive from the state of Idaho, such as the Idaho Reimbursement Incentive Act. The bill aims to support the domestic fabrication, assembly, testing, advanced packaging, or research and development of semiconductors in order to mitigate supply chain risks, increase economic competitiveness, protect intellectual property, and decrease national security risks.

Budget and Finance

Revenue and Taxation Committee (H)

https://legislature.idaho.gov/sessioninfo/2022/legislation/H0678/