Amends existing law to revise provisions regarding the deferral of property tax.
TAXATION -- Amends existing law to revise provisions regarding the deferral of property tax.
STATEMENT OF PURPOSE
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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.
FISCAL NOTE
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Although the tax deferral program already exists, the financial transactions required for the low number of users is currently handled on a case-by-case basis. The Tax Commission estimates a cost of $40,000 to develop software to automate the tracking of the deferred taxes.
HOW THEY VOTED
House Third Reading
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YEA (49)
NAY (20)
ABSENT / NOT VOTING (1)
Senate Third Reading
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YEA (35)
NAY (0)
House Third Reading
Show all 69 voter namesHide individual votes
YEA (65)
ABSENT / NOT VOTING (1)
LATEST ACTION
Reported Signed by Governor on April 4, 2025 Session Law Chapter 299 Effective: 07/01/2025
BILL INFO
- Session
- 2025
- Chamber
- house
- Status date
- Apr 4, 2025
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