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ID S1213
Bill
Status
2/25/2014
Primary Sponsor
Local Government and Taxation Committee
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AI Summary
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Amends Idaho Code Section 63-602 to clarify the definition of "exclusive" use for property tax exemptions to include property used for one or more exempt purposes in combination.
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Adds wells drilled for the production of oil, gas, or hydrocarbon condensate to the list of exemptions requiring annual application and approval by the board of county commissioners.
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Updates the list of exemptions that do not require county commissioners' application or approval, changing the reference from section 63-602NN to 63-602OO.
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Declares an emergency and provides that the act takes effect retroactively to January 1, 2014.
Legislative Description
Amends existing law to add wells drilled for the production of oil, gas or hydrocarbon condensate to those exemptions for which annual application and approval by the board of county commissioners apply.
PROPERTY TAX
Last Action
Became law without Governor's signature on 02/24/14 Session Law Chapter 20 Effective: 01/01/2014
2/25/2014