Amends and adds to existing law to provide certain deductions to income taxes and to provide for an increased food tax credit for seniors.

This legislation brings tax relief to those who are struggling in our Idaho economy. This includes adopting the new federal tips credit and the overtime deduction. The recent federal tax bill, HR 1, provided a $6000 deduction for seniors, which helps reduce federal social security taxes they pay. However, Idaho income tax laws do not tax social security so well over half seniors will see no tax relief on their state tax return. Instead, this legislation adds a senior $50 grocery tax credit so that all seniors receive some benefit. The $50 increase combined with the $155 present credit, will offset grocery taxes paid by seniors just as a complete repeal of the grocery tax would do.