SALES AND USE TAX – Amends existing law to revise provisions regarding a sales and use tax rebate to certain developers of certain retail complexes.

This bill allows developers of qualifying retail complexes in Idaho to receive a 60% rebate on sales taxes collected by qualified retailers within their complex. To qualify, the retail complex must have $4 million in developer spending, and the rebate is tied to approved transportation improvements costing $6 million+ (for interchanges) or $10 million+ (for other highways), as verified by the Idaho Transportation Department. The state tax commission administers the rebate through a dedicated fund, with payments made within 60 days of funds becoming available. The rebate is capped at $35 million per transportation project, and developers must claim it within two years of completing the qualifying transportation work.