This bill amends Chapter 1, Title 33 of the Idaho Code by adding a new section, 33-144, which establishes provisions for the state's participation in the federal tax credit scholarship program as outlined in section 70411 of P.L. 119-21. The state of Idaho will elect to participate in this program, and the state department of education is tasked with several responsibilities. These include submitting an annual list of qualified scholarship granting organizations to the United States Secretary of the Treasury, certifying its authority to submit this list, accepting submissions from organizations throughout the year, and complying with all relevant federal regulations to ensure eligibility for participation starting in tax year 2027.

Additionally, the bill declares an emergency, stating that it will take effect on July 1, 2026. This timeline allows the state department of education to prepare for the implementation of the new requirements and ensure that Idaho is ready to participate in the federal program by the specified date.