ID H0509

Increases the food tax credit from $100 to $120 per person for tax years 2023 and after, applicable to taxpayers, spouses, and dependents claimed on Idaho income tax returns.

Allows refunds for unused credits if total taxes owed are less than the total credit allowed, and enables individuals not required to file returns to claim refunds under specified conditions.

Provides an additional $20 credit for residents who reach age 65 before the end of their taxable year.

Allows taxpayers to donate credited funds to the cooperative welfare fund for low-income home energy assistance.

Authorizes transfer of up to $32 million annually from the tax relief fund to the general fund beginning in fiscal year 2024.