Bill > S1075

This bill amends and adds to existing law to establish provisions regarding the homeowner property tax relief program. Specifically, the bill creates a new section in the Idaho Code to provide property tax relief on owner-occupied properties receiving the homestead exemption by using sales tax moneys as replacement funding. The bill also makes related changes to the property tax notice requirements and the distribution of sales tax revenues to create a dedicated account for the homeowner property tax relief program. Additionally, the bill includes a one-time cash transfer from the General Fund to the Homeowner Property Tax Relief Account to fund the first year of the program prior to the availability of the sales tax funding.

Budget and Finance, Justice

Local Government and Taxation Committee (Senate)

https://legislature.idaho.gov/sessioninfo/2023/legislation/S1075/