Bill > H0241

This bill adds a new chapter to existing law to authorize the formation of county fair taxing districts. The key provisions include: - Allowing residents to petition for the creation of a county fair district, which would then hold an election on whether to form the district. If approved by two-thirds of voters, the district would be formed with an elected board of directors. - Giving the district board the power to levy a tax of up to 0.1% of the market value of taxable property within the district to fund the county fair. The tax rate could be increased with approval of two-thirds of district voters. - Allowing the district to issue bonds and incur debt, subject to voter approval, to fund county fair facilities and improvements. - Outlining the governance and administration of the district, including the roles of the board, officers, and employees. - Providing a process for additional territory to be annexed into an existing district and for the district to be dissolved, if approved by district voters. The overall purpose is to enable the formation of special county fair taxing districts with dedicated funding sources to acquire, maintain, and operate county fairs.

Budget and Finance

Revenue and Taxation Committee (House)

https://legislature.idaho.gov/sessioninfo/2019/legislation/H0241/