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.
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The Child Tax Credit Provides Tax Relief to All Families with Children
- The Child Tax Credit (CTC) is a tax incentive that provides tax relief for families with children. It is offered by the federal government
