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ID H0450
Bill
Status
2/12/2018
Primary Sponsor
Revenue and Taxation Committee
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AI Summary
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Amends Idaho Code Section 63-802 to clarify procedures for nonschool taxing districts that wish to disclaim the right to recover forgone budget increases.
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Requires taxing districts to provide notice of intent to disclaim, hold a public hearing (which may be combined with the annual budget hearing), and adopt a resolution declaring the disclaimer.
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Mandates the district clerk file a copy of the disclaimer resolution with both the county clerk and state tax commission no later than the deadline for annual budget certification under Section 63-803.
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Specifies that the disclaimer resolution applies only to the current year's forgone increase and does not affect forgone increases from prior budget years.
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Declares an emergency and makes the act retroactively effective to January 1, 2018.
Legislative Description
Amends existing law to provide that a taxing district wishing to disclaim the right to recover a forgone budget increase shall provide notice, hold a hearing and adopt a resolution, a copy of which shall go to the county clerk and the State Tax Commission.
BUDGETS
Last Action
Introduced, read first time; referred to: Local Government & Taxation
2/13/2018