Bill > HJR005

This Joint Resolution proposes an amendment to the Idaho Constitution that would allow for the taxation of public property, such as land owned by the state, counties, or cities, when it is leased or otherwise provided to a private entity for use. Currently, such public property is generally exempt from taxation. The amendment specifies that this taxation would only occur if authorized by a statute, meaning the Idaho Legislature would need to pass a law to enable it. If enacted, any tax revenue generated from this public property would be used exclusively to proportionally reduce property tax rates for all property owners within the affected taxing districts. This measure aims to ensure that private entities using public property contribute to the tax base, with the benefit of reduced tax burdens for other taxpayers.