Idaho Bills

Amends and repeals existing law regarding the ability for municipalities to file for federal bankruptcy protection.

Amends existing law to revise provisions regarding the limitation on taxing district budget requests.

This legislation changes the cap on growth of property tax budgets to prevent increases that exceed the growth in income of citizens when there are periods of rapid growth combined with rapid increases in assessed value.

Amends SB1108 to revise provisions regarding the calculation of levies.

This is a trailer bill for Senate Bill 1108aa. This bill provides that the current year assessed values will be used in determining the levy rate to be used for new construction and annexation, except it allows the use of the prior years value for centrally assessed operating property. The reason for using the prior centrally assessed operating value is that the current year number is generally not available in time. The centrally assessed operating value is a small percentage of the total and variations will not be significant.