Idaho Capitol Watch
HB 408: TAXATION – Adds to existing law to provide for the Idaho Middle Income Property Development Tax Credit and the Middle Income Land Trust Tax Credit.
Creates two new income tax credits starting 2025: (1) Middle Income Property Development Tax Credit for developers selling deed-restricted homes to households ≤120% AMI, credit equals sale price minus appraised value; (2) Middle Income Land Trust Tax Credit for land donations to trusts leasing to ≤100% AMI households, credit 40-50% of appreciation. Both include long-term affordability restrictions and carryforward up to 10 years.
Status
Reported Printed (March 14, 2025) · Originated in the Idaho House · Introduced March 13, 2025
Sponsors
Committees
- JRA for Printing
Bill history
- March 13, 2025 — House: Introduced, read first time, referred to JRA for Printing
- March 14, 2025 — House: Reported Printed; Filed in the Office of the Chief Clerk
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