Amends and adds to existing law to establish provisions regarding the homeowner property tax relief program.

The purpose of this bill is to provide property tax relief to Idaho homeowners on their primary residence. The bill will dedicate 4.5% of annual sales tax revenues, providing a subtraction from each homeowner’s total property tax bill. For the year 2023, the amount of approximately $205 million will be appropriated from FY 2023 General Fund surplus to begin this relief in the first year after passage of the bill.