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ID H0330
Bill
Status
4/9/2015
Primary Sponsor
Revenue and Taxation Committee
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AI Summary
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Amends Section 63-3024A of Idaho Code to revise the food tax credit structure for resident individuals filing Idaho income tax returns.
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Changes the credit amount for tax year 2008 from $50.00 (income $1,000 or less) or $30.00 (over $1,000) to increase by $10.00 annually until reaching $110.00 per personal exemption.
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Allows residents aged 65 and older an additional $20.00 credit or refund on top of the base credit amount.
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Provides refunds to individuals not required to file returns and establishes eligibility limitations based on residency status, food stamp assistance, incarceration, and legal immigration status.
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Declares an emergency and applies the changes retroactively to January 1, 2015.
Legislative Description
Amends existing law to revise the income food tax credit and refunds against the state income tax.
INCOME TAX
Last Action
Introduced, read first time; referred to: Local Government & Taxation
4/9/2015