ID S1355

Creates an exemption from subdivision requirements for land divisions made as a single gift or sale to immediate family members (children, stepchildren, spouse, siblings, grandchildren, grandparents, or parents) for housing, business, or agricultural purposes

Requires land to have been titled in the grantor's name for at least 5 years if titled before July 1, 2026, or 10 years if titled on or after July 1, 2026

Mandates that parcels created under this exemption remain titled to the family member recipient for at least 5 years (or 1 year for parcels created before July 1, 2026), unless subject to involuntary transfer such as foreclosure or death

Prohibits further division of parcels smaller than 5 acres created under this exemption without obtaining a subdivision permit

Allows family-owned business entities (80% owned by individuals related by blood or marriage) to use this exemption for shareholders who have held at least 5% ownership for 5 continuous years