Loading chat...

ID H0424

Bill

Official Source

Status

Introduced

1/29/2016

Primary Sponsor

Dan Rudolph

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Allows taxpayers an optional state income tax credit equal to 50% of tuition or fee payments made on behalf of employees at eligible Idaho postsecondary institutions, capped at $500 per year

  • Credit applies only to payments made to eligible educational institutions located in Idaho, as defined under section 33-5401 of Idaho Code

  • Adds new section 63-3029S to Chapter 30, Title 63 of Idaho Code

  • Declares an emergency and applies retroactively to January 1, 2016

Legislative Description

Adds to existing law to provide a state income tax credit for Idaho postsecondary institution tuition and fee payments on behalf of an employee of a taxpayer.

INCOME TAXATION

Last Action

Reported Printed and Referred to Ways & Means

2/1/2016

Full Bill Text

No bill text available