ID H0383

Revises the definition of "taxable value" in Idaho Code Section 63-803 to exclude the exemption for personal property in section 63-602KK(2), requiring this exemption to be removed from taxable value calculations for property tax budgets.

Modifies the calculation to clarify that taxable value includes the value from property and operating property rolls for the current year and subsequent and missed property rolls for the prior year or the best estimate thereof.

Changes references from subsection (1)(a) through (f) to subsection (1)(a) through (e) of section 50-2908, Idaho Code in the definition of taxable value exceptions.

Section 1 becomes effective immediately upon passage and approval, with retroactive application to January 1, 2014; Section 2 becomes effective January 1, 2017.

Declares an emergency exists, allowing Section 1 to take effect retroactively to the beginning of the tax year.