ID H0488

Amends Idaho Code Section 63-3029C to add Sun Valley Adaptive Sports Program, Inc. to the list of organizations eligible for state income tax credits for charitable contributions.

Allows taxpayers to claim a credit equal to 50% of charitable contributions made to the organization, subject to existing limitations.

For individual taxpayers, the credit is limited to the lesser of 20% of total income tax liability or $100 per taxable year.

For corporations, the credit is limited to the lesser of 10% of total income or franchise tax liability or $500 per taxable year.

Declares the act an emergency measure with retroactive application to January 1, 2012.