ID H0355

Adds new Section 63-813 to Idaho Code limiting taxing district budget requests for fiscal year 2021 to the dollar amount of ad valorem taxes certified by the state tax commission in 2019 for fiscal year 2020.

Prohibits county commissioners from setting levies in 2020 and prevents the state tax commission from approving levies in 2020 that exceed the limitation, unless voters approve the increase by two-thirds majority at a May or November election.

Prevents forgone property tax increases from accruing as a result of this limitation, notwithstanding existing provisions of Idaho Code Section 63-802.

Takes effect upon passage and approval, with retroactive application to January 1, 2020.

Declares an emergency to justify the retroactive effective date.