Beset by high unemployment, Idaho lawmakers are considering ways they can stimulate job growth and jumpstart the state’s economic engine.
A group of Idaho chambers of commerce weighed in Tuesday, introducing a measure that would give businesses more incentives to create new positions.
The Idaho Chamber Alliance’s bill, which will now get a hearing in the House Revenue and Taxation Committee, would allow an employer to receive a portion of their new employee’s income taxes – in the form of a 4 percent refundable tax credit of a new employee’s gross wage.
To receive the credit, companies would have to hire new people earning at least $12 an hour with benefits.
The chambers say that the money returned to companies would go into hiring more workers and growing their businesses.