House Bill 463 would make substantial changes to Idaho’s tax code, in part as a response to recent federal tax cuts. The legislation would also cut Idaho’s state income tax rates for households and corporations, changing significantly the way the income tax load is carried by residents. The proposal also includes a nonrefundable state child tax credit, although this does not offset the tax increases for some Idaho families from full conformity.
To continue reading this report, please open the PDF here.
Child Tax Credit Expiration Will Lead to Tax Increase on Middle Income Families
- The Idaho Legislature passed over $290 million in income tax relief during the 2025 Session. The relief came from House Bill 40, which lowered
