REVENUE AND TAXATION
63-3024B. 2021 idaho tax rebate fund. (1) There is hereby created in the state treasury the 2021 Idaho tax rebate fund for the purpose of implementing the provisions of this section. Up to two hundred twenty million dollars ($220,000,000), less administrative costs, shall be distributed by the state tax commission to pay rebates to individual taxpayers as provided in this section, which moneys are continuously appropriated.
(2) After filing a 2020 Idaho individual income tax return or form 24, any full-year resident taxpayer who also filed an individual income tax return or a form 24 for 2019 shall receive a onetime, nontaxable income tax rebate check in an amount approximately equal to nine percent (9%) of the tax amount, if any, reported on 2019 form 40, line 20, or for service members on 2019 form 43, line 42, or fifty dollars ($50.00) per taxpayer and each dependent, whichever is more.
[63-3024B, added 2021, ch. 342, sec. 2, p. 1041.]