Idaho Admin. Code r. 16.03.05.437

Current through September 2, 2024

Section 16.03.05.437 - LIMITED AWARD TO CHILD WITH LIFE-THREATENING CONDITION

Any gift from a tax-exempt nonprofit organization to a child under age eighteen (18), who has a life-threatening condition, is excluded from income under the conditions below.

01.In-Kind Gift. Is excluded if the gift is not converted to cash.

02.Cash Gifts. Are excluded up to two thousand dollars ($2,000) for the calendar year the cash gifts are made.

Idaho Admin. Code r. 16.03.05.437

Effective July 1, 2024