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ID H0697
Bill
Status
4/5/2012
Primary Sponsor
Revenue and Taxation Committee
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AI Summary
HB 697 Summary
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Allows nonschool taxing districts to certify budget requests exceeding normal limitations under section 63-802 to pay final court judgments entered after December 1, 2010, provided the judgment amount exceeds one-third of the district's highest annual budget in the prior three years.
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Requires voter approval through election before any nonschool taxing district can exercise the judgment payment authority, with the election conducted per section 34-106 Idaho Code.
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Exempts levies for judgment payments under section 63-1305A from being counted toward annual budget limitations and property tax revenue calculations.
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Authorizes county commissioners to issue bonds for paying judgments that meet section 63-1305A criteria, treated as ordinary and necessary expenses.
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Permits judgment payment levies to continue only until the judgment is paid in full, with a maximum increase of 0.1% of levy rate above otherwise applicable budgets.
Legislative Description
Adds to, repeals and amends existing law relating to revenue and taxation to establish provisions relating to levies for payment of certain judgments; to provide that the amount of property tax revenues to finance an annual budget does not include revenue from levies to satisfy certain judgments; to establish provisions providing that certain taxing districts may certify a budget request in excess of certain limitations for the purpose of paying a final judgment, to provide for certain conditions, to establish provisions relating to the application of law and the method of payment, to provide for rules and to establish provisions relating to a limitation; to establish provisions relating to an election; to provide that the amount of property tax revenues to finance an annual budget does not include revenue from levies to satisfy certain judgments and revenue from certain levies; and to provide that the county may also issue bonds for the purpose of paying a certain judgment.
COUNTIES AND PROPERTY TAX LEVIES
Last Action
Sections 1 & 2
4/5/2012