Amends existing law to provide for property tax relief.
PROPERTY TAX RELIEF -- Amends existing law to provide for property tax relief.
STATEMENT OF PURPOSE
▶ Show statement of purpose▼ Hide statement of purpose
Thislegislationprovidesanadditional$100millionofpropertytaxrelieftoIdahoansstartingin2025andevery year there after. $50 million of property tax relief will be provided through the School Facilities Fund and $50 million in property tax relief will be provided in the Homeowner Property Tax Relief account. Both of these accounts were established in HB 292 of the 2023 legislative session.
FISCAL NOTE
▶ Show fiscal note▼ Hide fiscal note
This legislation will reduce property tax for Idahoans by $100 million. The State General Fund will see a reduction of $100 million starting in fiscal year 2025 and each year thereafter.
HOW THEY VOTED
House Third Reading
Show all 68 voter namesHide individual votes
YEA (68)
NAY (0)
ABSENT / NOT VOTING (2)
Senate Third Reading
Show all 35 voter namesHide individual votes
YEA (35)
NAY (0)
LATEST ACTION
Reported Signed by Governor on March 26, 2025 Session Law Chapter 175 Effective: 03/26/2025
BILL INFO
- Session
- 2025
- Chamber
- house
- Status date
- Mar 27, 2025
RELATED BILLS
More by Jason Monks
