Bill > H0389

This bill amends, repeals, and adds to existing law to revise provisions regarding the homeowner exemption, the circuitbreaker tax reduction, the disabled veterans tax reduction, the property tax deferral program, and the taxation of personal property. Specifically, the bill increases the homeowner exemption amount, expands the circuitbreaker tax reduction income limits and maximum reduction amount, increases the disabled veterans tax reduction amount, requires certain homeowners to be referred to the property tax deferral program, exempts all transient personal property from taxation, and increases the personal property tax exemption amount. The bill also makes changes to the new construction roll and how taxing districts can recover forgone property tax increases.

Budget and Finance, Justice

Ways and Means Committee (House)

https://legislature.idaho.gov/sessioninfo/2021/legislation/H0389/