Idaho Bills

Amends existing law to provide that operating property shall not be included in the taxable value for the purpose of making a levy that is to be made against real property only.

The purpose of this legislation is to clarify that operating property is not apportioned to flood control, community infrastructure, watershed improvement, herd, and levee districts. These taxing districts only levy on real property.

Amends existing law to remove an exception to the rule that any taxing district must be formed or organized by the first day of January in order to make a levy for that calendar year.

The purpose of this legislation is to reduce the likelihood of levy calculation errors and mapping and tax code area inconsistencies by requiring all taxing districts to be formed by January 1 to levy property tax in the subsequent year.