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ID H0103
Bill
Status
2/2/2017
Primary Sponsor
Revenue and Taxation Committee
Click for details
AI Summary
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Adds a new procedure allowing nonschool taxing districts to disclaim the right to recover all or any portion of a forgone budget increase by adopting a resolution.
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Requires the taxing district clerk to file a copy of the disclaimer resolution with the county clerk and state tax commission when disclaiming forgone increases.
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Directs the state tax commission to exclude amounts indicated in the disclaimer resolution from future calculations of the district's forgone balance.
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Maintains existing procedure allowing nonschool districts to recover up to 100% of forgone increases with prior notice, public hearing, and resolution adoption.
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Makes technical corrections to Section 63-802, Idaho Code, relating to budget request limitations and property tax charges.
Legislative Description
Amends existing law to provide a procedure where a taxing district may disclaim the right to recover all or any portion of a forgone balance.
TAXING DISTRICTS
Last Action
U.C. to be returned to Revenue & Taxation Committee
2/21/2017