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ID H0256
Bill
Status
3/1/2023
Primary Sponsor
Revenue and Taxation Committee
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AI Summary
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Amends Idaho Code Section 67-8204 to require refunds with interest for development impact fees that are found to be null and void or imposed in violation of state law.
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Specifies that refunded amounts must include interest calculated at the legal rate of interest pursuant to Idaho Code Section 28-22-104, computed from the date of the original fee payment.
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Makes a technical correction to the section title, changing "DEVELOPMENT IMPACT FEES" to "DEVELOPMENT IMPACT FEE ORDINANCES."
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Applies retroactively to any development impact fee imposed, charged, or required by a governmental entity that is found to be inconsistent with chapter requirements or in violation of any other law.
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Becomes effective July 1, 2023, with an emergency declaration.
Legislative Description
Amends existing law to provide for the refund of wrongfully charged development impact fees.
DEVELOPMENT IMPACT FEES
Last Action
Reported Printed and Referred to Revenue & Taxation
3/2/2023