Amends existing law to make property tax relief applicable to either the property tax or the occupancy tax.

ThislegislationamendsIdahoCodeSection63-317,andportionsofTitle63,Chapter7,IdahoCode,toapply existing circuit breaker and disabled veterans residential property tax exemptions to the occupancy tax, and to require that residential property owners be notified of their right to apply for these exemptions. Newly constructedandoccupiedresidentialpropertyisnotsubjecttopropertytaxesduringtheyearofconstruction. It is, instead, subject to the occupancy tax. Although circuit breaker and disabled veterans exemptions are applicable to residential property taxes, current law does not make them applicable to the occupancy tax. This legislation corrects this oversight.