Out of committee (H Filed Office Chief Clerk)
Grocery tax credit
INCOME TAXES – Amends existing law to increase the food tax credit to $180.

RS30761 / H0371

Idahoans are being hammered by inflation and a significant factor is the runaway increase in the price of food. This bill increases the food tax credit from the planned $120 for Fiscal Year 2023 to $180. Those over 65 will get an additional $20 for a total credit of $200.

In Fiscal Year 2023 Legislative Services Office has estimated the food tax collected will be $374,500,000. The present credit in Fiscal Year 2023 totals $149,991,000. Therefore a 50% increase in the credit will cost about $75 million. Even with this increase, the State will still retain about $150 million in food tax collections.

Bill Events
Date Description
03/24 Introduced, read first time, referred to JRA for Printing
03/28 Reported Printed; Filed in the Office of the Chief Clerk
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