STATEMENT OF PURPOSE
RS30761 / H0371
Idahoans are being hammered by inflation and a significant factor is the runaway increase in the price of food.
This bill increases the food tax credit from the planned $120 for Fiscal Year 2023 to $180. Those over 65 will
get an additional $20 for a total credit of $200.
FISCAL NOTE
In Fiscal Year 2023 Legislative Services Office has estimated the food tax collected will be $374,500,000. The
present credit in Fiscal Year 2023 totals $149,991,000. Therefore a 50% increase in the credit will cost about
$75 million. Even with this increase, the State will still retain about $150 million in food tax collections.
Contact:
Representative John Gannon
Representative Kevin Andrus
(208) 332-1000
DISCLAIMER: This statement of purpose and fiscal note are a mere attachment to this bill and prepared by a proponent
of the bill. It is neither intended as an expression of legislative intent nor intended for any use outside of the legislative
process, including judicial review (Joint Rule 18).
Statement of Purpose / Fiscal Note Bill SOP/FN INTRODUCED: 03/24/2023, 10:09 AM


Statutes affected:
Bill Text: 63-3024A