House Bill No. 407 Summary

• Increases the food tax credit from $100 to $135 per person for tax years 2020 and after, applying to the taxpayer, spouse, and each dependent claimed on Idaho income tax returns.

• Establishes automatic distribution of $35 per food tax credit and refund from the Tax Relief Fund to the General Fund by the State Tax Commission.

• Allows the State Tax Commission and Idaho Department of Correction to exchange information about incarceration status to prevent erroneous food tax credit claims by incarcerated individuals.

• Allows the State Tax Commission and Idaho Department of Health and Welfare to exchange federal food stamp benefit information to prevent erroneous food tax credit claims in compliance with federal privacy laws.

• Becomes effective immediately upon passage and approval, with retroactive application to January 1, 2020.