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ID H0484
Bill
Status
2/11/2020
Primary Sponsor
Revenue and Taxation Committee
Click for details
AI Summary
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Adds new exemption allowing highway district levies to use current equalized assessed valuation (rather than base assessment roll values) when applied to revenue allocation areas first formed or expanded on and after July 1, 2020
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Permits highway districts to waive this exemption by entering into an agreement with the urban renewal district
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Amends Section 50-2908, Idaho Code, to establish the exemption as subsection (1)(g)
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Applies only to revenue allocation areas newly created or expanded after July 1, 2020, not to pre-existing areas
Legislative Description
Amends existing law to revise provisions regarding revenue allocation areas and highway district levies.
URBAN RENEWAL
Last Action
U.C. to be returned to Revenue & Taxation Committee
3/2/2020