Adds to existing law to provide for the Idaho Middle Income Property Development Tax Credit and the Middle Income Land Trust Tax Credit.

Impact to State General Fund: The implementation of this legislation is expected to result in an estimated reduction in general fund revenue by approximately [$5 million] annually due to the issuance of tax credits. This lost revenue estimate does not account for potential revenue gains from a stable workforce contributing income taxes and employers successfully filling job vacancies and completing work orders. Impact to Other State Funds: No direct fiscal impact on other state funds has been identified. Impact to Local Governments: The legislation is expected to positively impact local governments by promoting housing affordability, which can stabilize property values and reduce the need for public assistance programs related to housing. Fiscal Timeline: The fiscal impact is anticipated to begin in FY 2026 and will remain consistent, contingent upon program participation rates and housing market trends.