House Bill 328 Summary

• Adds property valuation increases from data center capital investments of at least $250 million to the base assessment roll in the current tax year, provided the investment occurs after July 1, 2020, creates and maintains at least 30 new jobs within two years of operations, and no bonds have been issued for the revenue allocation area as of March 16, 2023.

• Removes obsolete language regarding the agricultural tax exemption from Section 50-2903, Idaho Code, and clarifies that increases in valuation from removal of the agricultural tax exemption on undeveloped agricultural land shall be added to the base assessment roll.

• Makes technical corrections to the definitions section, including replacing "which" with "that" in multiple locations and updating language related to authorized municipalities and competitively disadvantaged border communities.

• Declares an emergency and provides for retroactive application of the act to March 16, 2023.