House Bill 192 Summary

• Allows county commissioners to exempt the increase in assessed value (change from base value) attributable to plant investments, rather than the entire market value of a project.

• Reduces minimum plant investment requirement from $3 million to $500,000, or a higher amount established by county resolution.

• Requires county commissioners to hold a public meeting and provide at least 5 calendar days' notice to affected taxing districts, urban renewal agencies, and the Idaho Department of Commerce before granting an exemption.

• Permits county commissioners to consider trade secrets in executive session when evaluating exemption applications.

• Excludes operating property assessed by the state tax commission from eligibility for the exemption.