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Budget analyst tells JFAC parental choice tax credit reduces FY revenue by $50 million; Tax Commission costs noted
Summary
Keith Bybee, division manager for budget and policy analysis, briefed JFAC on the general fund daily update and said House Bill 93 (parental choice tax credit) reduces revenues by $50 million and generates fiscal‑note costs for the Tax Commission estimated in the low six figures.
Keith Bybee, division manager for budget and policy analysis with the Legislative Services Office, gave JFAC its weekly general fund update on Feb. 28, 2025, and highlighted several changes since the previous report.
Bybee said the legislature’s tracking shows the parental choice tax credit enacted in House Bill 93 reduces projected general fund revenues by $50,000,000. He noted that the associated fiscal note includes additional resource needs for the Idaho State Tax Commission to implement the credit; the committee’s sheet showed an initial $125,000 difference related to Tax Commission resources that staff expected to reconcile.
Bybee also reported the legislature’s appropriation level was running about 2.7% year‑over‑year above the FY2025 budget and that total general fund appropriations shown on the green sheet were roughly $141,000,000 over FY2025, largely driven by CEC (compensation) and health insurance costs.
He told members he would refine the green sheet later in the day to remove bills that appear to have stalled and to update the Tax Commission fiscal note when available.
Why it matters The $50 million revenue impact affects the legislature’s available general fund balance and can shift priorities in FY2026 budget negotiations. The Tax Commission’s implementation costs will need to be considered in either the commission’s budget or a trailer bill, Bybee said.
Speakers in this briefing were staff analysts; no roll‑call votes were taken on the green sheet update.
