Amends existing law to revise the total amount of tax credits available in the 2026 and 2027 tax years.

This legislation amends Section 63-3029N, Idaho Code, to revise the total annual cap on the Idaho Parental Choice Tax Credit for specific tax years. The bill sets the maximum amount of tax credits authorized for all taxpayers at $48 million for tax year 2026, $47.5 million for tax year 2027, and $50 million for each tax year thereafter. The purpose of this change is to align the parental choice tax credit program with available state revenues while preserving parental access to educational choice. The bill maintains existing program structure, eligibility requirements, prioritization criteria, and reporting safeguards, while providing budget certainty and fiscal discipline during the 2026–2027 biennium. An emergency clause is included to ensure timely implementation and alignment with the upcoming tax year.