HB 101 Summary

• Changes the section title from "HOMESTEAD" to "HOMEOWNER" in Idaho Code Section 63-602G regarding property tax exemptions.

• Exempts the first $125,000 or 50% of market value of a homestead from property taxation, whichever is less, for owner-occupied primary dwellings.

• Specifies that the homeowner exemption shall not be prorated and becomes fully effective on the application date before other tax reductions are applied.

• Requires the state tax commission to establish a searchable database of all active exemptions by July 1, 2023, accessible to officials for verifying no duplicate claims and confirming voting residence matches homestead address.

• Declares an emergency provision to make the act effective upon passage and approval.