Please read the following information regarding your moving expenses, and sign. The completed form must be submitted prior to reimbursement of any moving expense monies.
As a new hire employee I have been advised of the Board of Examiners Policy III.C., in the State of Idaho Moving Policy and the Boise State 7140 Moving Policy.
The State policy is located at State of Idaho Controller’s Office Navigate to: Board of Examiners >> Policies and Procedures >> State Moving Policies and Procedures.
The Boise State policy is located at Procurement and Vendor Services: Relocation
Please review additional relocation materials at Procurement and Vendor Services: Basic Moving Guidelines
Repayment Terms: Individuals receiving moving expense reimbursements will be required to repay a portion of the reimbursement depending on their length of employment. By submitting this form, you agree that if you voluntarily resign within one year of the beginning date of your employment, you will be required to pay back 100% of the reimbursement you received. You also agree that if you voluntarily resign more than one year and less than two years from the beginning date of employment, you will be required to pay back the amount of reimbursement that exceeded $5,000. If you voluntarily resign more than two years and less than three years from the beginning date of employment, you agree that you will be required to pay back the amount of reimbursement that exceeded $10,000.
By submitting this form, you also understand and agree that any amount of reimbursement you are required to pay back is due in full upon your voluntary resignation, and that this amount may be deducted from your final paycheck.
The State of Idaho’s view is that the moving expense allowance is intended to help defray costs, not cover them.
NOTE: It is important for you to know that moving expense reimbursement from Boise State University will be reported on your W2 form.
Current and prospective employees are cautioned that the federal Tax Cuts and Jobs Act of 2017 made all moving expenses taxable, and all allowable reimbursements made by the State will have tax consequences for the employee. As such, all related withholdings shall be applied to the total reimbursable amount pursuant to federal and state laws, such as income tax, social security tax and retirement. Employees are encouraged to consult with a personal tax professional for advice on the tax implications of any moving reimbursements under this policy.