Bill > H0551

This bill amends existing Idaho law concerning the assessment of new construction for property tax purposes, specifically by adding language to Section 63-301A of the Idaho Code. The changes clarify how new construction is assessed, particularly for fire protection districts and ambulance service districts that are not part of an urban renewal revenue allocation area. It ensures that such districts can include qualifying new construction on their new construction roll, even if that construction is located within a revenue allocation area, and specifies that 90% of the taxable value of this new construction will be included. The bill also declares an emergency and makes these changes retroactive to January 1, 2026, meaning they will apply to taxes assessed from that date forward.

Budget and Finance

Revenue and Taxation Committee (House)

https://legislature.idaho.gov/sessioninfo/2026/legislation/H0551/