House Bill No. 357 Summary

• Adds the Idaho STEM Action Center to the list of qualified charitable organizations eligible for Idaho income tax credits under Section 63-3029A, Idaho Code.

• Taxpayers can claim a credit equal to 50% of charitable contributions made to qualifying organizations, subject to existing limitations ($500 maximum for individuals, $5,000 maximum for corporations).

• Repeals the existing version of Section 63-3029A and replaces it with an amended version that includes the Idaho STEM Action Center as a qualifying recipient organization.

• The provisions become effective January 1, 2020, allowing contributions to the Idaho STEM Action Center to qualify for the charitable contribution tax credit.