Amends existing law to revise provisions regarding the deferral of property tax.

The purpose of this legislation is to clarify which costs associated with property taxes, such as interest, late charges, and penalties, may be included in the property tax deferral amounts. Currently there is a difference of interpretation between Idaho Code 63-714 which allows deferral of “any property tax due” and the way the program is presently administrated, which only allows deferral of the current year’s tax.