This bill amends Section 63-3022I of the Idaho Code to expand the tax deductions available to adoptive parents by including expenses related to embryos. Specifically, it allows for the deduction of legal fees and medical expenses associated with the acquisition and transfer of a donated embryo that results in a live birth. The deduction for these embryo-related expenses can be claimed in the tax year when the live birth occurs, and it also permits the deduction of any related costs incurred in the three years prior to the live birth.

Additionally, the bill maintains the existing provisions for deductions related to the adoption of a child, which are capped at $10,000 for legal and medical expenses. The legislation declares an emergency, making it effective immediately upon passage and retroactively applicable to January 1, 2025.

Statutes affected:
Bill Text: 63-3022I