House Bill No. 83 Summary

• Amends Section 63-301A to require the new construction roll to show reductions in taxable market value for board of tax appeals decisions, erroneous assessments, land use changes, and certain exemptions within the preceding five tax years.

• Adds a new provision allowing reductions for property that became exempt under Idaho Code chapters 6 and 45 within five years preceding the current tax year, provided the reduction does not exceed the amount originally added to the new construction roll, with specific exemptions listed.

• Amends Section 63-802 to establish that the value shown on the new construction roll pursuant to Section 63-301A(1)(g) shall be subtracted from the maximum property tax revenue allowed for annual budgets in each of the three preceding tax years or the last year a levy was made.

• Declares an emergency and provides that Section 1 becomes effective retroactively to January 1, 2017, while Section 2 becomes effective July 1, 2017.