ID H0482

Changes sales tax distributions to counties, cities, and special taxing districts from quarterly to monthly basis, effective January 1, 2023.

Modifies definitions in Idaho Code to reference "monthly" distributions instead of "quarterly" throughout the revenue-sharing account provisions.

Revises property tax replacement payment provisions under section 63-602KK to distribute amounts on a monthly rather than quarterly schedule for personal property tax exemptions.

Requires local governmental entities to register with a central registry and submit annual administrative and financial information by December 1, with penalties up to $500 per day for noncompliance and withholding of sales tax distributions for violating entities.

Declares an emergency and makes the act effective January 1, 2023.