63-3029L. CHILD TAX CREDIT. (1) For taxable years beginning on or after January 1, 2018, and before January 1, 2026, there shall be allowed to a taxpayer a nonrefundable credit against the tax imposed by this chapter in the amount of two hundred five dollars ($205) with respect to each qualifying child of the taxpayer. For purposes of this section, the term "qualifying child" has the meaning as defined in section 24(c) of the Internal Revenue Code. In no event shall more than one (1) taxpayer be allowed this credit for the same qualifying child. This credit is available only to Idaho residents. Any part-year resident entitled to a credit under this section shall receive a proportional credit reflecting the part of the year in which the part-year resident was domiciled in Idaho.
(2) In the case of divorced parents or parents who do not live together, if the qualifying child is in the custody of one or both of the child’s parents for more than one-half of a calendar year, such child is the qualifying child of the custodial parent for the taxable year beginning during such calendar year. However, the child may be the qualifying child of the noncustodial parent if either of the following requirements are met:
(a) A court of competent jurisdiction has unconditionally awarded, in writing, to the noncustodial parent the tax benefits associated with the child pursuant to section 32-706, Idaho Code, and the noncustodial parent attaches a copy of the court order to the noncustodial parent’s income tax return for the taxable year; or
(b) The custodial parent signs a written declaration that such custodial parent will not claim the credit of this section with respect to such child for any taxable year beginning in such calendar year and the noncustodial parent attaches such written declaration to the noncustodial parent’s income tax return for the taxable year beginning during such calendar year.
History:
[63-3029L, added 2018, ch. 46, sec. 6, p. 117; am. 2018, ch. 351, sec. 2, p. 842; am. 2019, ch. 14, sec. 1, p. 17; am. 2020, ch. 271, sec. 3, p. 795.]
Structure Idaho Code
Title 63 - REVENUE AND TAXATION
Section 63-3002 - DECLARATION OF INTENT.
Section 63-3003 - DEFINITIONS.
Section 63-3004 - INTERNAL REVENUE CODE.
Section 63-3006 - CORPORATION.
Section 63-3006A - LIMITED LIABILITY COMPANY — CLASSIFICATION AND TAXATION.
Section 63-3006B - PARTNERSHIP.
Section 63-3006C - PASS-THROUGH ENTITY.
Section 63-3010 - TAXABLE YEAR.
Section 63-3011 - GROSS INCOME.
Section 63-3011A - ADJUSTED GROSS INCOME.
Section 63-3011B - TAXABLE INCOME.
Section 63-3011C - IDAHO TAXABLE INCOME.
Section 63-3012 - INCLUDES AND INCLUDING.
Section 63-3013A - PART-YEAR RESIDENT.
Section 63-3014 - NONRESIDENT.
Section 63-3015 - ESTATES AND TRUSTS.
Section 63-3016 - PAID OR INCURRED AND PAID OR ACCRUED.
Section 63-3021 - NET OPERATING LOSS.
Section 63-3022 - ADJUSTMENTS TO TAXABLE INCOME.
Section 63-3022A - DEDUCTION OF CERTAIN RETIREMENT BENEFITS.
Section 63-3022B - DEDUCTION FOR ENERGY EFFICIENCY UPGRADES.
Section 63-3022C - DEDUCTION FOR ALTERNATIVE ENERGY DEVICE AT RESIDENCE.
Section 63-3022D - DEDUCTION OF EXPENSES FOR HOUSEHOLD AND DEPENDENT CARE SERVICES.
Section 63-3022G - MONEYS PAID TO JAPANESE-AMERICANS FOR REPARATIONS FOR WORLD WAR II DISPLACEMENT.
Section 63-3022H - DEDUCTION OF CAPITAL GAINS.
Section 63-3022I - ADOPTION EXPENSES.
Section 63-3022J - DEDUCTION OF VALUE FOR TECHNOLOGICAL EQUIPMENT.
Section 63-3022K - MEDICAL SAVINGS ACCOUNT.
Section 63-3022M - EXPENSES AND INTEREST RELATING TO TAX EXEMPT INCOME.
Section 63-3022N - MARRIAGE PENALTY ADJUSTMENT.
Section 63-3022P - HEALTH INSURANCE COSTS.
Section 63-3022Q - LONG-TERM CARE INSURANCE.
Section 63-3022R - CERTAIN LOSS RECOVERIES.
Section 63-3022S - INCOME EARNED ON AN INDIAN RESERVATION.
Section 63-3022U - DEDUCTION FOR CERTAIN CHARITABLE CONTRIBUTIONS.
Section 63-3022V - DEDUCTION FOR FIRST-TIME HOME BUYERS.
Section 63-3023 - TRANSACTING BUSINESS.
Section 63-3024 - INDIVIDUALS’ TAX AND TAX ON ESTATES AND TRUSTS.
Section 63-3024A - FOOD TAX CREDITS AND REFUNDS.
Section 63-3024B - IDAHO TAX REBATE FUND.
Section 63-3025 - TAX ON CORPORATE INCOME.
Section 63-3025A - FRANCHISE TAX.
Section 63-3025B - ORGANIZATIONS EXEMPT FROM THE TAX IMPOSED BY THIS CHAPTER.
Section 63-3025C - CORPORATIONS EXEMPT FROM MINIMUM TAX.
Section 63-3026 - COMPUTING IDAHO TAXABLE INCOME OF RESIDENT INDIVIDUALS, TRUSTS AND ESTATES.
Section 63-3026B - AFFECTED BUSINESS ENTITIES — STATE AND LOCAL TAXATION TREATMENT.
Section 63-3027 - COMPUTING IDAHO TAXABLE INCOME OF MULTISTATE OR UNITARY CORPORATIONS.
Section 63-3027B - WATER’S-EDGE ELECTION.
Section 63-3027C - ELECTION IS BINDING — TREATMENT OF DIVIDENDS.
Section 63-3027D - PRESUMPTIONS AND BURDENS OF PROOF.
Section 63-3027E - OPERATIVE DATES.
Section 63-3029 - CREDIT FOR INCOME TAXES PAID ANOTHER STATE.
Section 63-3029A - INCOME TAX CREDIT FOR CHARITABLE CONTRIBUTIONS — LIMITATION.
Section 63-3029B - INCOME TAX CREDIT FOR CAPITAL INVESTMENT.
Section 63-3029C - INCOME TAX CREDIT FOR CERTAIN CHARITABLE CONTRIBUTIONS — LIMITATION.
Section 63-3029F - CLAIM OF RIGHT INCOME REPAYMENT ADJUSTMENTS.
Section 63-3029G - CREDITS FOR RESEARCH ACTIVITIES CONDUCTED IN THIS STATE — CARRYFORWARD.
Section 63-3029I - INCOME TAX CREDIT FOR INVESTMENT IN BROADBAND EQUIPMENT.
Section 63-3029K - TAX CREDIT FOR LIVE ORGAN DONATION EXPENSES.
Section 63-3029L - CHILD TAX CREDIT.
Section 63-3029P - PRIORITY OF CREDITS.
Section 63-3030 - PERSONS REQUIRED TO MAKE RETURNS OF INCOME.
Section 63-3030A - MANDATE TO COMPEL RETURN.
Section 63-3031 - JOINT RETURNS.
Section 63-3032 - TIME FOR FILING INCOME TAX RETURNS.
Section 63-3033 - EXTENSION OF TIME.
Section 63-3034 - PAYMENT OF TAX.
Section 63-3035A - STATE INCOME TAX WITHHOLDING TAX ON LOTTERY WINNINGS.
Section 63-3035B - JOINT POWER AUTHORIZATION.
Section 63-3035C - REVOCATION AND SUSPENSION OF WITHHOLDING ACCOUNTS — PENALTIES.
Section 63-3036 - STATE WITHHOLDING TAX FOR FARMERS.
Section 63-3036A - PAYMENT OF ESTIMATED TAX.
Section 63-3036B - PASS-THROUGH ENTITIES — BACKUP WITHHOLDING.
Section 63-3037 - INFORMATION RETURNS.
Section 63-3038 - ADMINISTRATION.
Section 63-3039 - RULES AND REGULATIONS — PUBLICATION OF STATISTICS AND LAW.
Section 63-3040 - EXAMINATION OF RETURN AND DETERMINATION OF TAX.
Section 63-3041 - OVERPAYMENTS.
Section 63-3042 - EXAMINATION OF BOOKS AND WITNESSES.
Section 63-3042A - EVIDENCE OF EXPENDITURES.
Section 63-3044 - DEFICIENCY IN TAX.
Section 63-3045 - NOTICE OF REDETERMINATION OR DEFICIENCY — INTEREST.
Section 63-3045A - ASSESSMENT OF TAX.
Section 63-3045B - FINAL DECISIONS OF THE COMMISSION.
Section 63-3046 - PENALTIES AND ADDITIONS TO THE TAX IN CASE OF DEFICIENCY.
Section 63-3046A - INTEREST ON UNDERPAYMENT OF ESTIMATED TAX.
Section 63-3046B - FAILURE TO FILE PARTNERSHIP RETURN.
Section 63-3047 - COMPROMISED CASES.
Section 63-3048 - ADJUSTED OR COMPROMISED CASES — SETTLEMENT AND CLOSING AGREEMENTS.
Section 63-3049 - JUDICIAL REVIEW.
Section 63-3050 - ACTION TO COLLECT UNPAID TAX OR DEFICIENCY.
Section 63-3050A - RELIEF FROM JOINT AND SEVERAL LIABILITY ON JOINT RETURN.
Section 63-3051 - PROPERTY SUBJECT TO LIEN.
Section 63-3055 - RELEASE OR SUBORDINATION OF INCOME TAX LIEN.
Section 63-3056 - ACTION TO ENFORCE LIEN.
Section 63-3057 - DISTRAINT ON PERSONAL PROPERTY.
Section 63-3058 - EXEMPT PROPERTY.
Section 63-3059 - LEVY OR DISTRAINT WARRANT.
Section 63-3060 - PROCEEDINGS ON LEVY OR DISTRAINT.
Section 63-3060A - CONTINUOUS EXECUTION ON INDIVIDUAL EARNINGS.
Section 63-3061 - SUCCESSIVE SEIZURES.
Section 63-3061A - NOTICE OF LEVY AND DISTRAINT.
Section 63-3062 - PRODUCTION OF BOOKS.
Section 63-3063 - COLLECTION BY DISTRAINT NOT EXCLUSIVE.
Section 63-3064 - OTHER REMEDIES PRESERVED.
Section 63-3065 - JEOPARDY ASSESSMENTS.
Section 63-3065A - JURISDICTION OVER NONRESIDENTS.
Section 63-3066 - LEGAL ADVISER.
Section 63-3067 - REVENUE RECEIVED — STATE REFUND ACCOUNT.
Section 63-3067A - INCOME TAX REFUND OR PAYMENT DESIGNATION BY INDIVIDUALS TO TRUST ACCOUNTS.
Section 63-3067B - SUNSETTING DESIGNATIONS.
Section 63-3067D - DESIGNATION BY TAXPAYER — OPPORTUNITY SCHOLARSHIP.
Section 63-3068 - PERIOD OF LIMITATIONS FOR ISSUING A NOTICE OF DEFICIENCY AND COLLECTION OF TAX.
Section 63-3069 - NOTICE OF ADJUSTMENT OF FEDERAL OR STATE TAX LIABILITY.
Section 63-3069A - SPECIAL STATUTE OF LIMITATIONS.
Section 63-3071 - DESTRUCTION OF OLD RETURNS.
Section 63-3072 - CREDITS AND REFUNDS.
Section 63-3073 - INTEREST ON REFUNDS AND CREDITS.
Section 63-3074 - ACTIONS AGAINST STATE OF IDAHO.
Section 63-3076 - PENALTY FOR DIVULGING INFORMATION.
Section 63-3077 - INFORMATION FURNISHED TO CERTAIN OFFICIALS.
Section 63-3077B - AGREEMENTS FOR EXCHANGE OF INFORMATION WITH INDUSTRIAL COMMISSION.
Section 63-3077C - AGREEMENT FOR EXCHANGE OF INFORMATION WITH DEPARTMENT OF FISH AND GAME.
Section 63-3077D - AGREEMENT FOR COLLECTION OF TAX.
Section 63-3077E - AGREEMENTS FOR EXCHANGE OF INFORMATION WITH THE STATE TREASURER.
Section 63-3077F - INFORMATION FURNISHED TO CERTAIN INDIVIDUALS.
Section 63-3077G - AGREEMENT FOR EXCHANGE OF INFORMATION WITH THE IDAHO DEPARTMENT OF CORRECTION.
Section 63-3078 - FAILURE TO COLLECT AND PAY OVER TAX, OR ATTEMPT TO EVADE OF [OR] DEFEAT TAX.
Section 63-3079 - FRANCHISE TAX NOT REPEALED.
Section 63-3080 - NOT A PROPERTY TAX.
Section 63-3082 - ADDITIONAL TAX REQUIRED WHEN FILING INCOME TAX RETURN.
Section 63-3083 - “PERSON” DEFINED.
Section 63-3084 - TAX ADDITIONAL TO OTHER INCOME TAXES.
Section 63-3085 - DATE TAX DUE AND PAYABLE.