ID S1303

Adds new allocation provision for revenue allocation areas first formed or expanded on or after July 1, 2022, requiring taxing districts to retain 5% of taxes otherwise due to urban renewal agencies from property within those areas.

Maintains existing allocation rules for revenue allocation areas created before July 1, 2022, where taxes on base assessment roll values go to taxing districts and remaining balance goes to urban renewal agencies.

Preserves full allocation of highway district taxes to highway districts for revenue allocation areas first formed or expanded on or after July 1, 2020, unless local governing body has road maintenance responsibility.

Requires county commissioners to consider base assessment roll values plus applicable 5% increase when setting tax levies for revenue allocation areas under Idaho Code section 63-803.

Effective July 1, 2022, with emergency clause declared.