ID H0648

Amends Section 57-811, Idaho Code, to provide for a one-time disbursement of the Tax Relief Fund to homestead exemption holders.

Requires the state tax commission to divide the entire balance of the Tax Relief Fund as of January 1, 2021, by the number of homestead exemptions granted under section 63-602G during the preceding year.

Directs equal share disbursements to all homestead exemption holders to be completed no later than February 28, 2021.

Allows individuals sharing a homestead exemption to request that the state tax commission divide their payment equally among them.

Authorizes the state tax commission to promulgate rules to implement the disbursement provisions.