Bill

Bill > H0574


ID H0574

ID H0574
Amends existing law to require certain disclosures in bond and levy elections that include information regarding state tax relief and when such state tax relief is set to expire.


summary

Introduced
02/15/2024
In Committee
03/06/2024
Crossed Over
02/26/2024
Passed
03/18/2024
Dead
Signed/Enacted/Adopted
03/19/2024

Introduced Session

2024 Regular Session

Bill Summary

RELATING TO ELECTION DISCLOSURES; AMENDING SECTION 34-913, IDAHO CODE, TO PROVIDE A REQUIREMENT FOR CERTAIN DISCLOSURES IN BOND ELECTIONS AND TO MAKE TECHNICAL CORRECTIONS; AMENDING SECTION 34-914, IDAHO CODE, TO PROVIDE A REQUIREMENT FOR CERTAIN DISCLOSURES IN LEVY ELECTIONS AND TO MAKE TECHNICAL CORRECTIONS; AND DECLARING AN EMERGENCY AND PROVIDING AN EFFECTIVE DATE.

AI Summary

This bill amends existing law to require certain disclosures in bond and levy elections. For bond elections, the bill requires information on the purpose of the bonds, the anticipated interest rate and total repayment amount, the estimated average annual cost to the taxpayer, and the length of time the bonds will be paid off. The bill also requires disclosure if the ballot includes information on state tax relief funds that are set to expire at a future date. Similarly, for levy elections, the bill requires disclosures on the purpose and estimated annual cost of the levy, as well as the length of time it will be assessed. The bill also mandates disclosure if the levy replaces an expiring levy and if the new levy is impacted by expiring state tax relief funds.

Committee Categories

Government Affairs

Sponsors (0)

No sponsors listed

Other Sponsors (1)

State Affairs Committee (House)

Last Action

Reported Signed by Governor on March 18, 2024 Session Law Chapter 84 Effective: 07/01/2024 (on 03/19/2024)

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