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ID H0019
Bill
Status
Passed
2/12/2019
Primary Sponsor
Revenue and Taxation Committee
Click for details
AI Summary
- Allows Idaho residents a nonrefundable child tax credit of $205 per qualifying child for taxable years beginning January 1, 2018 through December 31, 2025
- Defines "qualifying child" using the same meaning as section 24(c) of the Internal Revenue Code
- Limits credit to only one taxpayer per child, with part-year residents receiving a proportional credit based on the portion of the year they were domiciled in Idaho
- Establishes custody rules for divorced or separated parents, allowing noncustodial parents to claim the credit if a court awards it in writing or if the custodial parent signs a written declaration declining the credit
- Declares an emergency and applies the law retroactively to January 1, 2018
Legislative Description
Amends existing law to clarify resident eligibility for the child tax credit.
INCOME TAXES
Last Action
Reported Signed by Governor on February 12, 2019 Session Law Chapter 14 Effective: Retroactive to 01/01/2018
2/12/2019
Committee Referrals
Local Government and Taxation1/25/2019
Revenue and Taxation1/17/2019
Full Bill Text
No bill text available