ID H0605

Amends Idaho Code Section 63-3022 to establish a new health insurance deduction allowing individuals to subtract amounts paid for medical care insurance from taxable income, with the deduction phased in over three years (one-third in 2016, two-thirds in 2017, full amount in 2018 and thereafter).

Defines "insurance which constitutes medical care" to include hospital and medical policies, specific disease coverage, dental, vision, student health benefits, and single employer self-funded coverage for the taxpayer, spouse, or dependents.

Requires employers to provide employees with statements indicating whether their health insurance contributions have been excluded from taxable income.

Repeals Section 63-3022P of Idaho Code, which previously addressed an income tax deduction for health insurance.

Declares an emergency and makes the bill retroactively effective to January 1, 2016.