Bill > H0304

This bill amends two sections of Idaho law to provide property tax relief and modify fund distributions. For the School District Facilities Fund, the bill introduces a continuous appropriation of funds and adjusts how money is distributed to school districts, prioritizing payments for existing school bonds, supplemental school levies, and school plant facility levies. The bill also allows districts to use remaining funds for facility maintenance, construction, or reserve accounts. Additionally, for fiscal years 2025 and 2026, the bill provides special provisions to support school districts that would have previously received bond levy equalization support. In the Tax Relief Fund section, the bill modifies how funds are transferred, specifically mandating transfers of 20% of annual distributions plus $50 million to the School District Facilities Fund, $39 million to the state public defense fund, and $50 million to a new homeowner property tax relief account. The remaining balance of the Tax Relief Fund, up to $236 million, will be transferred to the general fund. The bill declares an emergency, meaning it will take effect immediately upon passage and approval.

Budget and Finance

Revenue and Taxation Committee (H)

https://legislature.idaho.gov/sessioninfo/2025/legislation/H0304/