Adds to existing law to establish the Idaho parental choice tax credit and Idaho Parental Choice Tax Credit Advance Payment Fund.

The fiscal impact of the refundable tax credit is a maximum of $50 million in reduced revenue to the state General Fund. $125,000 one-time from the General Fund will be used for programming and coding costs at the Idaho State Tax Commission. The Legislative Services Office needs no additional funding to implement the electronic parent survey. It is estimated that the Idaho State Tax Commission would need to utilize two three full-time employees (FTEs) in the administration of this program. No additional FTEs are being requested because of existing vacancies within the Idaho State Tax Commission. Only one new additional FTE is being requested at a cost of $70,800 on-going, and the other two positions will come from existing vacancies within the Idaho State Tax Commission. It is estimated that the Tax Commission will also need five additional seasonal employees for the processing of applications and for customer service during the tax season for a cost of $60,000. These costs would reduc

SOP revised: 02/12/2025, 10:39 AM