ID H0690

Creates a county and city property tax relief fund in the state treasury to offset property tax increases for county and city governments.

Distributes 50% of available funds to all 44 Idaho counties and 50% to cities based on their 2021 approved property tax budget proportions, with state tax commission calculating each entity's allocation.

Requires counties and cities to budget relief moneys as property tax revenues and certify amounts to the state tax commission, with no impact on future budget limitations.

Transfers up to $80,000,000 annually from the general fund excess cash balance to the relief fund on July 1, with state controller determining excess balances by the third Monday in July.

Sunsets the program on July 1, 2026, and prohibits cities formed after July 1, 2022, from receiving distributions; funds from dissolved cities revert to remaining cities.