House Bill 447 Summary

• Establishes the Idaho Parental Choice Tax Credit allowing parents and legal guardians to claim a refundable tax credit of up to $5,000 per eligible student (ages 5-18) for qualified education expenses including private school tuition, tutoring, assessments, textbooks, and transportation, effective for tax year 2024.

• Increases the tax credit to $7,500 for eligible students with disabilities requiring ancillary personnel as defined in Idaho Code.

• Creates the Idaho Parental Choice Grant program administered by the state tax commission, providing grants up to $5,000 (or $7,500 for students with disabilities) to parents and legal guardians who qualify for the federal earned income tax credit to pay for first-year nonpublic school expenses.

• Caps annual tax credits at $40,000,000 and annual grant funds at $10,000,000 on a first-come, first-served basis, with the legislature to review sufficiency in 2026.

• Establishes the Idaho Parental Choice Grant Fund in the state treasury to be continuously appropriated for grant awards, funded through legislative appropriations, donations, reversions of unused grants, and interest earnings.