Bill
Bill > S1107
ID S1107
ID S1107Amends existing law to revise eligibility provisions for the property tax reduction program.
summary
Introduced
02/16/2023
02/16/2023
In Committee
02/17/2023
02/17/2023
Crossed Over
Passed
Dead
04/06/2023
04/06/2023
Introduced Session
2023 Regular Session
Bill Summary
PROPERTY TAX REDUCTION -- Amends existing law to revise eligibility provisions for the property tax reduction program.
AI Summary
This bill amends existing law to revise eligibility provisions for the property tax reduction program. Specifically, it increases the income limitation for the program from $31,900 to $37,000 per household, effective for tax year 2023 and each year thereafter. It also increases the percentage of the median assessed valuation for all homes receiving the homestead exemption from 150% to 250%, above which an individual will be referred to the property tax deferral program instead. The bill includes an emergency clause, making it effective immediately and retroactive to January 1, 2023.
Committee Categories
Budget and Finance, Justice
Sponsors (0)
No sponsors listed
Other Sponsors (1)
State Affairs Committee (Senate)
Last Action
Reported Printed; referred to Local Government & Taxation (on 02/17/2023)
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/S1107/ |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2023/legislation/S1107.pdf |
| Fiscal Note/Analysis - Statement of Purpose / Fiscal Note | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2023/legislation/S1107SOP.pdf |
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