Amends and adds to existing law to provide an income tax credit for certain nonprofit pregnancy centers, to increase the limit on the percentage of income taxpayers can claim on certain credits, and to establish the Choose Life Idaho Fund.

The Investing in Mothers and Families Act would create an impact to the general fund of $5.99 million in reduced tax revenues. This legislation would also generate an estimated $1,669,831 in additional private donation revenue to nonprofit pregnancy resource centers and maternity homes as a result of the special charitable tax credit, as well as an estimated $10,306,152 in additional private donation revenue for those nonprofit charitable organizations that are already eligible for the special charitable tax credit.