Chamber's Legislative Forum Focuses on Tax Reimbursement Incentive's Success

The Boise Chamber hosted our annual Legislative Forum yesterday afternoon at the Boise Centre. Local businesspeople and state legislators were invited to enjoy lunch while learning about the Chamber's 2015 Legislative Agenda.
 
The theme of the Legislative Forum was "Economic Incentives are Working!" , conveying the success Idaho has enjoyed since the Tax Reimbursement Incentive (TRI) Act went into effect on July 1, 2014. The TRI allows companies creating new jobs paying above wage thresholds to receive a rebate of up to 30% of their payroll, sales, and income taxes for up to 15 years. 
 
According to the Idaho Statesman, "33 companies have applied for or inquired about the incentive, surpassing the rosiest of expectations by one of the incentive's advocates, Boise Valley Economic Partnership (BVEP) Executive Director Clark Krause. Nine companies have been approved for the TRI since July." Idaho companies Amy's Kitchen, a producer of frozen vegetarian meals out of Pocatello, and Diversified Fluid Solutions, a high-tech manufacturing company in Boise, were specifically highlighted as two of the TRI's success stories.
 
Visit the Idaho Statesman's website to read their complete coverage.