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 provide financial support to organizations that offer life-affirming counseling and assistance to women and families, promoting alternatives to abortion and supporting adoption. The bill also includes provisions to ensure that the funds are used exclusively within Idaho.

Additionally, the bill amends existing tax code sections to allow individuals and corporations to designate contributions to the Choose Life Idaho Fund as part of their income tax credits. Specifically, it increases the allowable credit for individuals from 20% to 35% and for corporations from 10% to 25% of their total tax liability. Furthermore, it adds the Choose Life Idaho Fund to the list of trust accounts that individuals can designate their tax refunds or payments to. The act is declared to be an emergency measure, taking effect immediately upon passage and retroactively to January 1, 2025.

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