Bill > H0462

This bill amends existing law to provide for a productivity classification of a forest land parcel to remain or revert to a certain classification status. It also requires a process by which a county assessor may seek to change the productivity classification in the future. Specifically, the bill sets floors and ceilings for forest land values for taxation purposes, limits annual changes in those values, and establishes a process for the state tax commission to designate changes to a parcel's productivity classification in the future. The bill also makes various other updates to the rules and processes governing the taxation of forest lands in Idaho.

Budget and Finance

Revenue and Taxation Committee (House)

https://legislature.idaho.gov/sessioninfo/2018/legislation/H0462/