This bill amends Idaho Code Sections 63-3024A, 63-3077G, and 63-3077H to enhance food tax credits and refunds for residents. The food tax credit is increased from $120 to $155 for tax year 2025 and beyond. Additionally, it introduces an option for taxpayers to claim a refund based on the actual sales tax paid on food purchases, up to $250 per person, instead of the flat credit amounts. The bill also removes provisions related to additional credits for individuals over 65 and clarifies eligibility criteria for refunds, including penalties for misrepresentation of sales tax claims.

Furthermore, the bill mandates the state tax commission and the Idaho Department of Correction, as well as 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. This information will be used to ensure that individuals do not erroneously claim the food tax credit. The bill declares an emergency, making it effective immediately and retroactively applicable from January 1, 2025.

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