TAXATION – Amends and adds to existing law to provide an income tax credit for certain nonprofit pregnancy centers, to increase the limit on the percentage of income taxpayers can claim on certain credits, and to establish the Choose Life Idaho Fund.

H 342 creates the "Choose Life Idaho Fund" in the state treasury to support nonprofit pregnancy centers and adoption education. It expands Idaho’s income tax credit system, allowing taxpayers to claim up to 35% of their individual tax liability (previously 20%) or 25% for corporations (previously 10%) when donating to qualifying organizations - including nonprofit pregnancy resource centers with 501(c)(3) status that provide life-affirming services. The bill also establishes a new tax refund designation option, enabling Idaho residents to direct portions of their tax refunds to the "Choose Life Idaho Fund" via the state tax commission. These changes directly affect Idaho taxpayers who donate to approved nonprofits and the organizations receiving the fund’s resources, which focus on alternatives to abortion and adoption support.