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ID H0381
Bill
Status
3/11/2020
Primary Sponsor
Revenue and Taxation Committee
Click for details
AI Summary
House Bill 381 - Summary
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Repeals Chapter 4, Title 14, Idaho Code, which contained the Estate and Transfer Tax Reform Act of 1988.
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Adds requirement that claimants for property tax reduction must have lawful presence in the United States pursuant to section 67-7903, Idaho Code.
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Modifies the timing requirement for claimants from "on January 1" to "on January 1 or before April 15" of the year in which the claimant first files a claim on the homestead in question.
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Makes a technical correction to Section 63-701, Idaho Code, regarding the definition of "claimant" and requirements for property tax reduction eligibility.
Legislative Description
Repeals and amends existing law to repeal the Estate and Transfer Tax Reform Act of 1988 and to amend the definition of a “claimant” under the circuitbreaker law.
TAXES
Last Action
Reported Signed by Governor on March 9, 2020 Session Law Chapter 65 Effective: 07/01/2020
3/11/2020