Amends existing law to provide procedures for calculating the value of property exempt from taxation belonging to a federally recognized Indian tribe and property taxes forgone and to provide duties of the county clerk and State Tax Commission; to provide application to taxing districts for 2016 taxable year only for those taxing districts containing property of federally recognized Indian tribes; and to provide for remittance of moneys to local governments for property belonging to a federally recognized Indian tribe and that is exempt from taxation.
PROPERTY TAXATION - Amends existing law to provide procedures for calculating the value of property exempt from taxation belonging to a federally recognized Indian tribe and property taxes forgone and to provide duties of the county clerk and State Tax Commission; to provide application to taxing districts for 2016 taxable year only for those taxing districts containing property of federally recognized Indian tribes; and to provide for remittance of moneys to local governments for property belonging to a federally recognized Indian tribe and that is exempt from taxation.
STATEMENT OF PURPOSE
Amends existing law to provide procedures for calculating the value of property exempt from taxation belonging to a federally recognized Indian tribe and property taxes forgone and to provide duties of the county clerk and State Tax Commission; to provide application to taxing districts for 2016 taxable year only for those taxing districts containing property of federally recognized Indian tribes; and to provide for remittance of moneys to local governments for property belonging to a federally recognized Indian tribe and that is exempt from taxation. was introduced in the 2016 Idaho Legislative Session. This bill is categorized under general legislation. View the full bill text and voting record on the Idaho Legislature website.
LATEST ACTION
Reported Printed and Referred to Revenue & Taxation