BOISE, Idaho (AP) - Gov. C.L. "Butch" Otter has revived efforts in the Idaho Legislature to boost the struggling economy by giving businesses tax incentives to create new jobs.
A bill unveiled Tuesday would give businesses a series of tax credits, ranging from 2 percent to 6 percent of a new employee's gross annual wage. A company's credit would depend on their rating from the Idaho Department of Labor for their unemployment insurance tax payments.
The legislation aims to help areas hit hardest by the recession, with minimum hourly wage requirements tied to county unemployment rates.
Otter says it also fits with his Project 60 plan to grow the state's economy to $60 billion by encouraging businesses to add more jobs.
A previous measure to provide job incentives in the 2011 session failed amid concerns about its fiscal impact.
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(1) comment
But yet Mr. Otter cut the Davis Bacon on state jobs, allowing contractors to pay minimum wage instead of the prevailing wage which is much higher. Thus taking more money out of the working families pockets and giving it to the contractor.
Thank you Mr. Otter
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