House Bill 675 Summary

• Increases the Idaho child tax credit from $100 to $130 for taxable years beginning January 1, 2018 through December 31, 2025 for each qualifying child as defined in Internal Revenue Code section 24(c).

• Designates anticipated sales tax revenue increases from House Bill 578 (out-of-state retailer sales tax collection) as intended for income tax relief for Idaho families from the general fund.

• Maintains the nonrefundable nature of the credit with the restriction that only one taxpayer may claim the credit for the same qualifying child.

• Preserves custodial parent priority for claiming the credit unless a court awards it to the noncustodial parent or the custodial parent signs a written declaration declining the credit.

• Declares an emergency and applies the act retroactively to January 1, 2018.