Bill
Bill > H0562
ID H0562
ID H0562Amends existing law to remove the deadline for applying for a homestead exemption.
summary
Introduced
02/27/2020
02/27/2020
In Committee
03/12/2020
03/12/2020
Crossed Over
03/03/2020
03/03/2020
Passed
Dead
Signed/Enacted/Adopted
03/20/2020
03/20/2020
Introduced Session
2020 Regular Session
Bill Summary
PROPERTY TAXES -- Amends existing law to remove the deadline for applying for a homestead exemption.
AI Summary
This bill amends existing law to remove the deadline for applying for a homestead exemption, which is a property tax exemption that applies to the first $100,000 or 50% (whichever is less) of the market value of a primary residence. The bill also makes other changes related to the recovery of improperly claimed or approved exemptions and allows homesteads to maintain the exemption in certain situations, such as when the owner is on active military service or has passed away.
Committee Categories
Budget and Finance, Justice
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Revenue and Taxation Committee (House)
Last Action
Reported Signed by Governor on March 24, 2020 Session Law Chapter 248 Effective: 01/01/2021 (on 03/20/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.idaho.gov/sessioninfo/2020/legislation/H0562/ |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2020/legislation/H0562.pdf |
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