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ID H0248
Bill
Status
3/8/2023
Primary Sponsor
Revenue and Taxation Committee
Click for details
AI Summary
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Allows qualified claimants to elect property tax deferral for taxes due, including delinquencies, interest, late charges, costs, and fees after applying all available benefits under Idaho Code section 63-704.
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Requires the state tax commission to prescribe the application form and manner for deferral elections, and may require information about encumbrances, casualty insurance adequate for the deferred tax and interest, and other relevant information.
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Denies deferral applications that fail to demonstrate sufficient equity in the property or fail to provide proof of insurance in an amount adequate for the deferred tax and interest.
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Becomes effective on July 1, 2023, with an emergency declaration.
Legislative Description
Amends existing law to clarify provisions regarding deferral of property tax.
TAXATION
Last Action
Introduced, read first time; referred to: Local Government & Taxation
3/9/2023