Loading chat...

ID S1055

Bill

Official Source

Status

Introduced

2/8/2023

Primary Sponsor

Local Government and Taxation Committee

Click for details

Origin

Senate

2023 Regular Session

AI Summary

  • Amends Idaho Code Section 33-802A to revise how school districts compute bond and bond interest levies
  • Removes the previous allowance for levies to cover up to 21 months of bond payments and replaces it with a cap of 120% of the amount required for the ensuing 12 months
  • School districts must still consider state bond levy equalization funds and remaining balances in bond interest and redemption funds when calculating levies
  • Becomes effective on July 1, 2023, with an emergency clause declared

Legislative Description

Amends existing law to revise provisions regarding levies.

EDUCATION

Last Action

Recommitted to Local Government & Taxation

3/29/2023

Committee Referrals

Local Government and Taxation2/9/2023
Judiciary and Rules2/8/2023

Full Bill Text

No bill text available