ID S1281

Increases the total cap on Idaho Parental Choice Tax Credits from the existing $50 million annual limit to $48 million for tax year 2026 and $47.5 million for tax year 2027, returning to $50 million in subsequent years

Refundable tax credit provides up to $5,000 per eligible student (ages 5-18) for qualified K-12 education expenses at nonpublic schools, including tuition, tutoring, textbooks, standardized tests, and transportation

Credit increases to $7,500 for students with disabilities requiring ancillary personnel (ages 5-21)

Priority given to families with income at or below 300% of the federal poverty level, who may also elect advance payment of credits before August 30

Declared an emergency measure, taking effect immediately upon passage and approval