ID H0278

Amends Idaho Code Section 50-2908 to revise property tax allocation between urban renewal districts and other taxing districts based on formation or expansion dates

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 that created the area maintains roads or highways

For revenue allocation areas first formed or expanded on or after July 1, 2021, all taxes levied by any non-highway taxing district go to the taxing district, with taxes from areas created before July 1, 2021 governed by prior allocation rules

Allows highway districts and other taxing districts to enter into agreements with urban renewal agencies for different tax allocations, with copies submitted to the state tax commission and county clerk by September 1

Becomes effective immediately upon passage and approval as an emergency measure