ID H0607

Amends Idaho Code Section 63-3022 to add a new deduction (subsection q) for health care and medical services costs, with the deduction percentage varying by tax year: 33.33% for 2016, 67% for 2017, and 100% for 2018 and beyond.

Deductible amounts include prescription drugs, health care and medical services under Internal Revenue Code Section 213 that were not reimbursed by insurance or other third-party payors, after accounting for the 7.5% or 10% threshold for medical expenses.

Covered services include doctor's visits, hospital stays, co-pays, deductibles, physical therapy services, chiropractic services, and other licensed health profession services under Idaho Code Title 54, but exclude over-the-counter drugs or therapies.

Repeals Idaho Code Section 63-3022P relating to health insurance costs deductions.

Declares an emergency and provides retroactive application to January 1, 2016.