Bill description: HB 675 would increase the amount of the child tax credit established in HB 463 by $75 dollars.
Does it directly or indirectly create or increase any taxes, fees, or other assessments? Conversely, does it eliminate or reduce any taxes, fees, or other assessments?
HB 675 would save Idahoans an estimated $25 million by increasing the amount of the child tax credit established in HB 463. The credit would go from $130 per child up to $205, an increase of $75. This would make most Idaho families whole after the tax cut passed in HB 463 would have increased taxes for many families with three or more children.
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