Bill > H0342

This bill, known as the "Investing in Mothers and Family Act," makes several changes to Idaho's tax code and establishes the Choose Life Idaho Fund. The bill creates a new fund in the state treasury to be managed by Choose Life Idaho, Inc., which will provide financial assistance to nonprofit organizations that offer life-affirming counseling and support for women and families as an alternative to abortion, and to promote adoption. The legislation also expands the existing charitable contribution tax credit, increasing the limit for individual taxpayers from 20% to 35% of their total income tax liability and for corporations from 10% to 25% of their tax liability. Additionally, the bill adds Choose Life Idaho, Inc. and nonprofit pregnancy resource centers to the list of organizations that taxpayers can receive a tax credit for supporting. The bill further allows taxpayers to designate donations to the new Choose Life Idaho Fund through their state income tax returns, similar to other existing trust accounts. The act is set to take effect immediately upon passage and will apply retroactively to January 1, 2025.

Budget and Finance

Revenue and Taxation Committee (H)

https://legislature.idaho.gov/sessioninfo/2025/legislation/H0342/