Every state, including Idaho, offers tax breaks, grants or subsidies to businesses in hopes of spurring economic development.
But the states vary widely in terms of what they do when a company doesn’t create as many jobs as it agreed to, or otherwise follow through with its end of the incentive bargain.
According to the National Conference of State Legislatures, nearly half of all statesattach some kind of provision requiring businesses to pay the state back in such circumstances. This tool is often referred to as a “clawback.”
Idaho is one of the states that does not use clawbacks. Click here to keep reading...