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ID H0050
Bill
Status
3/21/2023
Primary Sponsor
Revenue and Taxation Committee
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AI Summary
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Clarifies that special purpose taxing districts must use funds received under section 63-3638(10)(c) only for the purposes for which those districts were formed.
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Establishes new distributions beginning in fiscal year 2024: $330,000,000 annually to the public school income fund and $80,000,000 annually to the in-demand careers fund.
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Transfers $4,000,000 quarterly from city revenue-sharing accounts beginning fiscal year 2025 to the state public defense fund, and $5,000,000 quarterly from county revenue-sharing accounts with provisions for growth adjustments through fiscal year 2030.
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Makes technical corrections and clarifications to sales tax distribution provisions in Idaho Code section 63-3638.
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Declares an emergency and makes the act effective July 1, 2023.
Legislative Description
Amends existing law to clarify the uses that may be made of certain funds by special purpose taxing districts.
SALES TAX
Last Action
Reported Signed by Governor on March 20, 2023 Session Law Chapter 46 Effective: 07/01/2023
3/21/2023