Idaho H0782 revises income tax rates, extends the child tax credit indefinitely, and repeals the Parental Choice Tax Credit.
Idaho H0782 amends the state's income tax laws by revising the tax rates for individuals, estates, trusts, and corporations. It sets a new tax rate of 5.3% for individuals, estates, and trusts, and reduces corporate tax rates over time. The bill also extends the child tax credit indefinitely and repeals the Idaho Parental Choice Tax Credit. The changes are set to take effect retroactively from January 1, 2026, with some provisions applying from January 1, 2027.
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