TAXATION – Adds to existing law to provide for the Idaho Middle Income Property Development Tax Credit and the Middle Income Land Trust Tax Credit.

This bill creates two new Idaho tax credits for developers of affordable housing: the Middle Income Property Development Tax Credit and the Middle Income Land Trust Tax Credit. It allows developers to claim a credit equal to the difference between a property's sale price and its appraised value at sale (verified by a third party), provided the property is sold as a "deed restricted" home to households earning at or below 120% of the area median income. These homes must remain affordable for 60 years, with resale prices restricted to inflation-based increases, 25% market appreciation, or a 5% annual cap, and require ongoing verification by a nonprofit manager. The credits apply to new residential properties developed after 2024 and are designed to support long-term affordability for middle-income homebuyers.