Bill
Bill > H0078
summary
Introduced
02/02/2023
02/02/2023
In Committee
02/03/2023
02/03/2023
Crossed Over
Passed
Dead
04/06/2023
04/06/2023
Introduced Session
2023 Regular Session
Bill Summary
PROPERTY TAXES -- Amends existing law to revise provisions regarding the homeowner exemption.
AI Summary
This bill amends existing law to revise the homeowner exemption from property taxes in Idaho. It increases the exempt portion of a homestead's market value from 50% to 55%, up to a maximum of $224,360, and provides for annual adjustments to the maximum exemption amount based on changes in Idaho's house price index. The bill also includes provisions for recovering property tax exemptions that were improperly claimed or approved, and requires the state tax commission to establish a database of active exemptions to help verify that no person has claimed multiple exemptions.
Committee Categories
Budget and Finance
Sponsors (21)
Steve Berch (D),
Judy Boyle (R),
Jeff Cornilles (R),
Brent Crane (R),
Jaron Crane (R),
Marco Erickson (R),
Jacyn Gallagher (R),
Scott Grow (R),
Dale Hawkins (R),
Scott Herndon (R),
Ted Hill (R),
Mike Kingsley (R),
Todd Lakey (R),
Tina Lambert (R),
Chris Mathias (D),
Lauren Necochea (D),
Tammy Nichols (R),
Elaine Price (R),
Ilana Rubel (D),
Josh Wheeler (R),
Kenny Wroten (R),
Other Sponsors (1)
Revenue and Taxation Committee (House)
Last Action
Reported Printed and Referred to Revenue & Taxation (on 02/03/2023)
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/2023/legislation/H0078/ |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2023/legislation/H0078.pdf |
| Fiscal Note/Analysis - Statement of Purpose / Fiscal Note | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2023/legislation/H0078SOP.pdf |
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