ID H0354

Revises paragraph (e) of Section 63-802 to clarify procedures for nonschool districts recovering forgone property tax increases, including requirements to provide notice, hold a public hearing, and certify the amount by resolution to the county clerk and state tax commission.

Modifies paragraph (f) to change "disclaim" to "reserve" regarding a taxing district's right to recover forgone increases in subsequent years, requiring adoption of a resolution specifying the dollar amount of property taxes being reserved.

Clarifies that if a district does not formally reserve its right to recover a forgone increase through resolution, that year's forgone increase cannot be recovered under paragraph (e).

Removes language stating that reservation resolutions do not apply to forgone increases from prior budget years, providing clearer guidance on recovery procedures.

Makes technical corrections to the statute language for improved clarity and consistency.