Amends existing law to increase the food tax credit, to provide an alternative tax credit for the actual amount paid by taxpayers on food purchases, and to provide for certain agreements to share information.

Currently the grocery tax credit is $120.00 per person or $140.00 for individuals 65 and older. This legislation will increase the grocery tax credit for all individuals to $155.00 starting in the fiscal year of 2026. Additionally, this legislation will give Idaho income tax filers the option to take the $155 tax credit per person, or to receive a full refund of all taxes paid on groceries up to $250.00 per person by itemizing their grocery expenses on their annual income tax returns.