The proposed legislation, titled the "Investing in Mothers and Family Act," aims to establish the Choose Life Idaho Fund within the state treasury. This fund will be allocated to Choose Life Idaho, Inc. to support organizations that provide life-affirming counseling and assistance to women and families, promoting alternatives to abortion, as well as public education on adoption. The bill also amends existing tax code provisions to allow individuals to designate a portion of their income tax refunds or payments to this new fund, alongside other specified trust accounts.

Additionally, the bill revises the income tax credit provisions for charitable contributions, increasing the allowable credit for individual taxpayers from 20% to 35% of their total income tax liability, and for corporations from 10% to 25%. It expands the list of eligible organizations for tax credits to include Choose Life Idaho, Inc. and nonprofit pregnancy resource centers or maternity homes that meet specific criteria. The legislation declares an emergency, making it effective immediately upon passage and retroactively applicable from January 1, 2025.

Statutes affected:
Bill Text: 63-3029C, 63-3067A