ID H0587

Amends Idaho Code Section 50-2908 to change how tax revenues are allocated between highway districts and revenue allocation areas (urban renewal districts).

For revenue allocation areas first formed or expanded on or after July 1, 2020, all taxes levied by highway districts go to the taxing district unless the local governing body creating the area has road/highway maintenance responsibility.

For revenue allocation areas existing prior to July 1, 2020, or those created by entities with road/highway maintenance responsibility, highway district taxes continue to be allocated based on base assessment roll values under prior law.

Allows highway districts and urban renewal agencies to enter into alternative agreements for different tax allocations, with copies required to be filed with the state tax commission and county clerk by September 1 of the year the agreement takes effect.

Makes technical correction to clarify that references to "market value for assessment purposes" in Idaho Code mean the value as defined in Section 63-208, Idaho Code, for all purposes including school and district levies.