summary
Introduced
02/08/2023
02/08/2023
In Committee
02/09/2023
02/09/2023
Crossed Over
Passed
Dead
04/06/2023
04/06/2023
Introduced Session
2023 Regular Session
Bill Summary
EDUCATION -- Amends existing law to revise provisions regarding levies.
AI Summary
This bill amends existing law to revise the provisions regarding levies for school district bond and bond interest payments. Specifically, it removes the previous limit of not exceeding 21 months for the bond and bond interest levy, and instead caps the levy at 120% of the amount required for the payments in the ensuing 12 months. The bill also takes into account any state bond levy equalization funds and balances remaining in the bond interest and redemption fund when calculating the levy. The bill declares an emergency and will take effect on July 1, 2023.
Committee Categories
Budget and Finance, Justice
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Local Government and Taxation Committee (Senate)
Last Action
Recommitted to Local Government & Taxation (on 03/29/2023)
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/S1055/ |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2023/legislation/S1055E1.pdf |
| Amendment S1055A1 | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2023/legislation/S1055A1.pdf |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2023/legislation/S1055.pdf |
| Fiscal Note/Analysis - Statement of Purpose / Fiscal Note | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2023/legislation/S1055SOP.pdf |
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