House Bill 263 Summary

• Adds medical residency placement organizations to the list of eligible charitable contribution recipients for Idaho's income tax credit, specifically those accredited by the Accreditation Council for Graduate Medical Education or the American Osteopathic Organization and based in Idaho.

• Taxpayers may claim a credit equal to 50% of charitable contributions made to qualifying organizations, subject to existing limitations: non-corporate taxpayers limited to 50% of income tax liability or $500 (whichever is less); corporations limited to 10% of income/franchise tax liability or $5,000 (whichever is less).

• Medical residency placement organizations must be devoted exclusively to placing medical residency positions within Idaho to qualify for the tax credit.

• Section 1 amends Idaho Code § 63-3029A effective immediately upon enactment; Section 2 amends the same code section as previously amended and becomes effective January 1, 2020.