HB 632 Summary

• Adds medical residency placement organizations accredited by the Accreditation Council for Graduate Medical Education or the American Osteopathic Organization as eligible recipients for Idaho's charitable contribution income tax credit.

• Organizations must be based in Idaho and devoted to placing medical residency within Idaho to qualify for the tax credit.

• Taxpayers can claim 50% of charitable contributions to qualifying medical residency placement organizations against their income tax liability, subject to existing caps ($500 for individuals, $5,000 for corporations).

• Section 1 becomes effective retroactively to January 1, 2016, with an emergency declaration.

• Section 2 becomes effective January 1, 2020.