ID H0760

Amends Idaho Code 63-602GG to change low-income housing property tax exemptions from mandatory ("shall be exempt") to discretionary, allowing county commissioners to grant exemptions at their discretion.

Expands eligible ownership structures to include limited partnerships, limited liability companies, and wholly owned subsidiaries where a qualified nonprofit organization serves as general partner or managing member.

Requires all housing units (except manager's units) to be rented to tenants earning an average of 60% or less of area median gross income, with rents meeting federal low-income housing tax credit requirements under 26 U.S.C. 42.

Establishes a preliminary determination process allowing developers to request written confirmation from counties before completing land use approvals, with such determinations binding on the county if the project is developed as proposed.

Exemption does not apply to properties with financing closed before July 1, 2026, or already housing tenants by that date, unless undergoing rehabilitation or already receiving the exemption; declares an emergency with effective date of July 1, 2026.