Idaho Bills
7 bills · 2023 Regular Session
Adds to existing law to provide an income tax credit for private school tuition.
This legislation amends Chapter 30, Title 63, Idaho Code, by the addition of a new section 63-3029N, Idaho Code,toestablishprovisionsforanincometaxcreditforprivateschooltuitionpaymentsforqualifieddependent children of an individual tax payer.
Amends existing law to revise a provision regarding the income tax credit for capital investment.
27 – 7
Amends existing law to revise provisions regarding credit for income taxes paid to another state.
Amends existing law to revise provisions regarding the income tax deduction for household and dependent care services.
This legislation increases the individual state tax deduction for dependent care to $12,000 per taxable year as found in 63-3022D, Idaho Code. Dependents include a taxpayer’s children under the age of 13, a dependent of a taxpayer with physical or mental limitations, and the spouse of a taxpayer with physical or mental limitations. Current code sets the limit to a percentage of expenses and a maximum deduction of $3,000 for one child or $6,000 for two or more children.
27 – 8
Amends existing law to increase the food tax credit to $180.
John Gannon · HD-017A
Amends Laws of 2022 to change the effective date for the new income tax rates to January 1, 2023.
This bill adjusts the effective date of certain income tax rate changes retroactively to January 1, 2023. This will ease the taxpayer burden of preparing taxes at one rate for a small portion of 2023 and then the new rate for the remainder of 2023. It will also slightly lower taxes by starting the lower tax rates earlier in 2023. This will also resolve confusion for taxpayers and tax preparers.
31 – 1
Amends existing law to revise provisions regarding the income tax deduction for household and dependent care services.
This legislation increases the individual state tax deduction for dependent care to $12,000 per taxable year as found in 63-3022D, Idaho Code. Dependents include a taxpayer’s children under the age of 13, a dependent of a taxpayer with physical or mental limitations, and the spouse of a taxpayer with physical or mental limitations. Current code sets the limit to a percentage of expenses and a maximum deduction of $3,000 for one child or $6,000 for two or more children.