The bill amends Section 63-3024A of the Idaho Code to increase the food tax credit for residents filing income tax returns. For tax year 2022, the credit is set at $100, increasing to $120 for tax years 2023 and 2024, and further increasing to $155 for tax year 2025 and beyond. Additionally, the bill introduces a new option for taxpayers to claim a refund based on the actual sales tax paid on food purchases, up to a maximum of $250 per person, instead of the flat tax credit amounts. The bill also removes provisions related to additional credits for individuals over 65 and clarifies eligibility requirements for refunds.

Furthermore, the bill amends Sections 63-3077G and 63-3077H to require the Idaho Department of Correction and the Idaho Department of Health and Welfare to enter into written agreements for the exchange of information regarding individuals' incarceration status and receipt of federal food stamp benefits, respectively. This information will be used to determine if individuals have erroneously claimed the food tax credit. The bill declares an emergency, making it effective immediately and retroactively to January 1, 2025.

Statutes affected:
Bill Text: 63-3024A, 63-3077G, 63-3077H