{"data":{"id":"us-id/idaho-code-67-4742","jurisdiction":"us-id","citation":"Idaho Code § 67-4742","heading":"ANNUAL REPORTING BY DEPARTMENT.","body":"(1) The department shall create an annual written report for the governor and the legislature describing:\n(a) The department’s success under this act in attracting new jobs;\n(b) The estimated amount of tax credit commitments made by the department and the period of time over which tax credits will be paid;\n(c) The economic impact on the state related to generating new state revenue and providing tax credits under this act;\n(d) The estimated costs and economic benefits of the tax credit commitments that the department made; and\n(e) The actual costs and economic benefits of the tax credit commitments the department made.\n(2) On or before November 1, 2015, and every year thereafter, the department shall:\n(a) Conduct an independent, third-party audit of the tax credits issued under this act;\n(b) Evaluate the tax credits issued under this act and the effectiveness of the tax credits; and\n(c) Make recommendations concerning whether the tax credits should be continued, modified or repealed.\n(3) The audit as set forth herein shall include an evaluation of:\n(a) The amount of tax credits granted; and\n(b) The effectiveness of the department’s internal controls within the application and approval process pursuant to this chapter.\n(4) The results of such audit and the director’s recommendations shall be forwarded in a timely manner to the office of the governor and to the appropriate legislative committee chairmen.","path":["TITLE 67 STATE GOVERNMENT AND STATE AFFAIRS","CHAPTER 47 DEPARTMENT OF COMMERCE"],"source_url":"https://legislature.idaho.gov/statutesrules/idstat/title67/t67ch47/sect67-4742/","current_through":"2026 Legislative Session","vintage":"","retrieved_at":"2026-09-04T11:24:13Z","sha256":"7c9a9725f486c9d03c5c65892e2dc75aea3b84f3af8f997dc4de4dc45ff1d3cd","source_id":"us-id","stale":false,"prev":"us-id/idaho-code-67-4741","next":"us-id/idaho-code-67-4743"},"notice":"GroundRules: Original legal text. Not legal advice."}