House Bill 199 Summary

• Allows taxpayers to claim a 50% income tax credit for charitable contributions to qualifying nonprofits, higher education institutions, public schools, and specific state agencies and councils located in Idaho

• For non-corporate taxpayers, limits the credit to 50% of total income tax liability or $500 annually, whichever is less; for corporations, limits credit to 10% of total income or franchise tax liability or $5,000 annually, whichever is less

• Requires nonprofit supporting organizations for elementary or secondary education to have explicit bylaws identifying specific schools or school districts as exclusive beneficiaries and to comply with fiduciary standards under Idaho Code Section 33-5003

• Removes reference to State Board of Education in accreditation criteria and revises "institution of higher learning" definition to reference only the Northwest Commission on Colleges and Universities

• Declares emergency provisions making Sections 1-4 effective retroactively to January 1, 2015, and Section 5 effective January 1, 2020