Bill
Bill > S1241
ID S1241
ID S1241Amends existing law to revise provisions regarding homes ineligible for the circuitbreaker program.
summary
Introduced
01/27/2022
01/27/2022
In Committee
02/07/2022
02/07/2022
Crossed Over
02/04/2022
02/04/2022
Passed
Dead
03/31/2022
03/31/2022
Introduced Session
2022 Regular Session
Bill Summary
PROPERTY TAXES -- Amends existing law to revise provisions regarding homes ineligible for the circuitbreaker program.
AI Summary
This bill amends existing law to revise provisions regarding homes that are ineligible for the "circuitbreaker" property tax reduction program in Idaho. The key changes are: (1) increasing the maximum assessed value threshold for eligibility from 125% to 200% of the median assessed valuation for homes receiving the homestead exemption in the county; and (2) exempting veterans with a 100% service-connected disability or 100% disabled individual unemployability rating from the assessed value threshold. The bill also includes an emergency clause to make the changes effective retroactively to January 1, 2022.
Committee Categories
Budget and Finance, Justice
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Local Government and Taxation Committee (S)
Last Action
Read First Time, Referred to Revenue & Taxation (on 02/07/2022)
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/2022/legislation/S1241/ |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2022/legislation/S1241.pdf |
| Fiscal Note/Analysis - Statement of Purpose / Fiscal Note | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2022/legislation/S1241SOP.pdf |
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