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ID H0288
Bill
Status
4/6/2023
Primary Sponsor
Revenue and Taxation Committee
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AI Summary
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Amends Section 63-3022D, Idaho Code to revise the deduction for household and dependent care services expenses.
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Allows individuals who maintain a household with one or more qualifying individuals to deduct employment-related expenses for dependent care services.
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Limits the deduction to $12,000 per taxable year, referencing Internal Revenue Code sections 21(b)(1), 21(b)(2), 21(c), 21(d), and 21(e) for definitions and further limitations.
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Declares an emergency and makes the act effective retroactively to January 1, 2023.
Legislative Description
Amends existing law to revise provisions regarding the income tax deduction for household and dependent care services.
INCOME TAXES
Last Action
Reported Signed by Governor on April 4, 2023 Session Law Chapter 290 Effective: Retroactive to 01/01/2023
4/6/2023