ID H0002

Requires taxing districts to include specific disclosure information on ballots for bond elections, including bond purpose, principal amount, anticipated and maximum interest rates, total repayment amount, estimated annual taxpayer cost per $100,000 of assessed value, repayment duration, and existing district indebtedness.

Establishes a standardized formula for calculating estimated average annual taxpayer cost: ((Bond Total/Taxable Value) x 100,000)/Duration, using current market rates and county assessor data.

Requires similar disclosures on levy election ballots stating the levy's purpose, election date, estimated annual collection amount, estimated taxpayer cost per $100,000 of assessed value, and assessment duration.

Mandates that required disclosures appear on ballots prior to the voting location and prohibits ballot questions from including information about other bonds, levies, or matters.

Imposes a $10,000 fine on the county clerk's office and nullifies passage of any bond or levy failing to comply with disclosure requirements; the Secretary of State levies the fine and deposits it in the state general fund.