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ID H0782
Bill
Status
2/26/2026
Primary Sponsor
Ilana Rubel
Click for details
AI Summary
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Individual and corporate income tax rates increase from 5.3% to 5.325% for taxable years beginning on or after January 1, 2026
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Child tax credit of $205 per qualifying child is made permanent by removing the January 1, 2026 expiration date
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Idaho Parental Choice Tax Credit (Section 63-3029N) is repealed, effective retroactively to January 1, 2026
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Remaining funds in the Idaho Parental Choice Tax Credit Advance Payment Fund must be transferred to the general fund by December 1, 2026, with the fund itself repealed January 1, 2027
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Declared an emergency measure with retroactive application to January 1, 2026 for tax rate changes and credit modifications
Legislative Description
Amends and repeals existing law to revise the income tax rate, to extend the child tax credit indefinitely, and to repeal the Parental Choice Tax Credit.
TAXATION
Last Action
Reported Printed; Filed in the Office of the Chief Clerk
2/27/2026