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ID H0605
Bill
Status
2/6/2026
Primary Sponsor
John Gannon
Click for details
AI Summary
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Qualified tips and the premium portion of overtime compensation can be subtracted from Idaho taxable income for tax years 2026 through 2028, following federal definitions in P.L. 119-21
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Resident individuals aged 65 or older receive an additional $50 food tax credit on top of the standard credit ($155 for tax year 2025 and after)
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Taxpayers may elect to claim actual sales tax paid on qualifying food purchases instead of the flat credit, up to $250 per person, with receipt documentation required
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The act takes effect immediately upon passage with retroactive application to January 1, 2026
Legislative Description
Amends and adds to existing law to provide certain deductions to income taxes and to provide for an increased food tax credit for seniors.
TAXATION
Last Action
Reported Printed; Filed in the Office of the Chief Clerk
2/9/2026