ID H0039

Establishes a refundable tax credit up to $5,000 per year for parents of students ages 5-18 who are not enrolled in Idaho public schools, covering tuition, tutoring, textbooks, standardized tests, and transportation costs for academic instruction

Increases the credit to $7,500 for children with disabilities ages 5-21 who require ancillary personnel, with documentation from a licensed health care provider or individualized education program

Caps total program credits at $50 million annually, with priority given to families earning up to 300% of the federal poverty level, who may also receive advance payments before incurring expenses

Creates an application period opening January 15 each year for 60 days, with possible extension to August 15 if the cap is not reached, and requires the State Tax Commission to notify applicants within 30 days

Establishes the Idaho Parental Choice Tax Credit Advance Payment Fund in the state treasury and takes effect retroactively to January 1, 2025