The bill amends Section 63-3029N of the Idaho Code to revise the Idaho Parental Choice Tax Credit, establishing a refundable tax credit for parents of eligible students attending nonpublic schools. The credit allows parents to claim up to $5,000 per eligible student for qualified educational expenses incurred during the tax year, with an increased limit of $7,500 for students with disabilities. The total amount of tax credits authorized for all taxpayers is set at $48 million for tax year 2026, $47.5 million for tax year 2027, and $50 million for each subsequent year. The bill also outlines the application process, eligibility criteria, and the responsibilities of the state tax commission in administering the program.

Additionally, the bill includes provisions for a satisfaction and engagement survey to be sent to parents receiving the tax credit, as well as reporting requirements for the state tax commission to track the distribution and impact of the credits. It emphasizes that the program does not allow government control over nonpublic schools and clarifies that participation in the program is a parental placement under federal law. The bill declares an emergency, allowing it to take effect immediately upon passage and approval.

Statutes affected:
Bill Text: 63-3029N