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Miss one of our events? The Chamber has your back. 

Chamber Update | Episode 009 | Rebound Idaho Grants

5/1/2020

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Idaho Rebound Cash Grants for Small Businesses
Idaho small businesses are the lifeblood of our communities and the backbone of our state’s economy. However, the ongoing COVID-19 outbreak has forced widespread closures of small businesses across the Gem State, threatening livelihoods, acute job losses, and imperiling the future of local establishments across our state.
​
The U.S. Treasury guidance allows the state to use Coronavirus Relief Fund (CRF) dollars for expenditures “related to the provision of grants to small businesses to reimburse the costs of business interruption caused by required closure.”

Details

  • Total Program: $300 million (24% of total CRF award)
  • Individual Business Grant: up to $10,000
  • More than 30,000 Idaho small businesses supported
  • Subject to qualification (eligibility to be finalized by the Coronavirus Financial Advisory Committee and made available on Tuesday, May 5 at 9 a.m. Mountain Time)
  • Targeted to those small businesses that did not receive the Paycheck Protection Program or received less than $10,000 through this program
  • All individual grants will be reported on Transparent.Idaho.Gov
 
Application Process
We anticipate opening applications on May 11, 2020. Applications will be facilitated by the State Tax Commission. To apply, small businesses will need to create a Taxpayer Access Point (TAP) account if they do not already have one. Small businesses are encouraged to create a TAP account as soon as possible, well in advance of the application period opening on May 11.
 
Register with TAP for the Idaho Rebound Small Business Grant
  1. On the TAP home page, click “Don’t have a logon? Register here” beneath the “Log In” button.
  2. Leave “No” selected where you’re asked if you received a code. Click “Next.”
  3. Fill in all the required fields. If a field turns red/pink, hover over it to see the error and correct it. (Call the efile Help Desk at (208) 332-6632 if you’re unable to correct the fields in error.)
  4. For the “You Are” field, use the drop-down arrow to select:
  5. – BUSINESS if you’re an owner or employee of a business (but not the sole owner)
  6. – SOLE PROPRIETOR if you’re the sole owner of a business and have employees
  7. – 3RD PARTY TAX PROFESSIONAL if you’re a tax preparer or accountant managing your clients’ taxes
  8. Click “Submit.” The Tax Commission will send you a letter. This letter has a registration code. When you receive your letter, return to the TAP home page and click “Don’t have a logon? Register here” beneath the “Log In” button.
  9. Click on “Yes” to indicate that you have a registration code, then click “Next”.
  10. On the “Verify” page:
  11. Enter the registration code exactly the way it appears in your letter (it is case sensitive).
  12. Select the option under “You Are” that matches the selection you made during your pre-registration
  13. Enter the EIN or SSN that you used during your pre-registration
  14. Click “Next”
  15. Complete the required fields
  16. Click “Submit”
 
You now have full access to your TAP account.
  • If you don’t receive a letter within five business days after your request was successfully submitted, contact us at efilehelp@tax.idaho.gov or call (208) 332-6632.
  • If you’re a tax professional who needs to file/pay for clients, read our Advanced Use of TAP guide.

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    • Annual Events >
      • Legislative Forum
      • Business After Hours
      • Leadership Conference
      • Small Business & Chamber Excellence Awards
      • Golf Classic
      • State of the University
      • Annual Gala
      • Holiday Reception with Elected Officials
    • Event Rewind
    • Chamber Check-In
    • Idaho Cutthroat Business Podcast
    • Community Happenings
  • Programs & Services
    • Advocacy
    • Ambassadors
    • Boise Young Professionals
    • Business Education Series
    • Committees & Councils
    • Conference Rooms
    • Certificates of Origin
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    • Leadership Boise >
      • Leadership Boise
      • Leadership Boise Academy
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      • Community Leadership Awards
    • T.I.P.S. Groups
  • Live Work Visit
    • Live in Boise
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    • About Us
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  • Gift Shop