ID S1216

Amends Idaho Code Section 63-3029C to add "specialized needs recreation" to the list of eligible charitable organizations for which taxpayers can claim an income tax credit.

Allows taxpayers to claim a credit equal to 50% of charitable contributions made to specialized needs recreation organizations, subject to existing limitations.

Limits the credit for individual taxpayers to the lesser of 20% of total income tax liability or $100 per taxable year.

Limits the credit for corporations to the lesser of 10% of total income or franchise tax liability or $500 per taxable year.

Declares an emergency and makes the act effective retroactively to January 1, 2012.