Bill > H0255

This bill amends Idaho law to provide several significant changes to urban renewal agencies and revenue allocation areas. It creates a new process for dissolving urban renewal agencies, allowing local governing bodies to terminate these agencies by ordinance when financial obligations have been met. The bill introduces important provisions for fire protection and ambulance service districts, giving them the right to opt out of urban renewal revenue allocation areas. Specifically, these districts can now choose whether to be subject to urban renewal financing provisions for new areas created after July 1, 2025, and can withdraw from existing areas if they have no outstanding bonds. The legislation establishes a detailed procedure for terminating revenue allocation areas, including requirements for budgeting, agency reporting, and notifications to various government entities. Additionally, the bill modifies how new construction values are calculated for tax purposes, particularly in cases of urban renewal area dissolutions and district withdrawals. The changes aim to provide more flexibility and transparency for local governments and taxing districts in managing urban renewal projects and financing. The bill is retroactively effective to January 1, 2025, and is declared an emergency measure to allow immediate implementation.

Budget and Finance

Revenue and Taxation Committee (H)

https://legislature.idaho.gov/sessioninfo/2025/legislation/H0255/