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ID H0228
Bill
Status
2/27/2013
Primary Sponsor
Revenue and Taxation Committee
Click for details
AI Summary
House Bill 228 Summary
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Amends Idaho Code Section 63-208 to require evidence before property assessors can adjust assessments for obsolescence
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Assessors must provide three elements of evidence: the cause of claimed obsolescence, the quantity of obsolescence, and proof that the cause negatively affects the specific property being assessed
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Authorizes the state tax commission to promulgate rules implementing these obsolescence adjustment requirements
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Declares the provisions severable, so if any part is found invalid, the remaining portions remain in effect
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Applies to all property assessment valuations performed by county assessors in Idaho
Legislative Description
Amends existing law to provide that there will be no adjustment for obsolescence without evidence of the cause of claimed obsolescence, the quantity of such obsolescence and that the asserted cause of the obsolescence actually negatively affects the subject property for assessment purposes for property.
PROPERTY TAX
Last Action
Reported Printed and Referred to Revenue & Taxation
2/28/2013