2000 Legislation
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HOUSE BILL NO. 806 – School support, guaranteed, when

HOUSE BILL NO. 806

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Daily Data Tracking History



H0806.....................................................by WAYS AND MEANS
SCHOOL SUPPORT - Adds to existing law to provide a state guaranteed school
support replacement for value lost through operation of alternative forest
land values.
                                                                        
03/31    House intro - 1st rdg - to printing
04/03    Rpt prt - to Rev/Tax

Bill Text


 H0806
                                                                        
                                                                        
  ||||              LEGISLATURE OF THE STATE OF IDAHO             ||||
 Fifty-fifth Legislature                  Second Regular Session - 2000
                                                                        
                                                                        
                              IN THE HOUSE OF REPRESENTATIVES
                                                                        
                                     HOUSE BILL NO. 806
                                                                        
                                BY WAYS AND MEANS COMMITTEE
                                                                        
  1                                        AN ACT
  2    RELATING TO REPLACEMENT OF LOST VALUE FOR PURPOSES OF TAXATION; AMENDING CHAP-
  3        TER 17, TITLE 63, IDAHO CODE, BY THE ADDITION OF A NEW  SECTION  63-1705A,
  4        IDAHO  CODE,  TO PROVIDE A STATE GUARANTEED SCHOOL SUPPORT REPLACEMENT FOR
  5        VALUE LOST THROUGH  OPERATION  OF  ALTERNATIVE  FOREST  LAND  VALUES;  AND
  6        DECLARING AN EMERGENCY AND PROVIDING RETROACTIVE APPLICATION.
                                                                        
  7    Be It Enacted by the Legislature of the State of Idaho:
                                                                        
  8        SECTION  1.  That  Chapter  17,  Title 63, Idaho Code, be, and the same is
  9    hereby amended by the addition thereto of a NEW SECTION, to be known and  des-
 10    ignated as Section 63-1705A, Idaho Code, and to read as follows:
                                                                        
 11        63-1705A.  STATE  GUARANTEED  SCHOOL SUPPORT. In recognition of the impact
 12    of the provisions of section 63-1705, Idaho Code, the legislature  finds  that
 13    it  is  in the public interest to assure that those school districts which are
 14    impacted by loss of assessed valuation, are protected from  operation  of  the
 15    provisions.  The  state  tax commission shall determine each school district's
 16    taxable value absent the effect of section 63-1705, Idaho Code, as amended  by
 17    H.B. 513, second regular session, fifty-fifth Idaho legislature. The resulting
 18    taxable  value  shall  be used to calculate levy rates for supplemental, plant
 19    facility, and bonds outstanding as of July 1, 2000. These levy rates shall  be
 20    applied  to  the  taxable value including the effect of section 63-1705, Idaho
 21    Code. The portion not actually realized due to the decrease in  taxable  value
 22    for  assessment purposes through the operation of section 63-1705, Idaho Code,
 23    shall be transmitted to the county on warrants drawn by the  state  controller
 24    against  the  budget  stabilization  fund established in section 57-814, Idaho
 25    Code, and for that purpose the money in the fund is hereby appropriated.  When
 26    the  taxable  value for assessment purposes of the school district reaches the
 27    December 31, 1999, value, the provisions  of  this  section  shall  no  longer
 28    apply.
                                                                        
 29        SECTION  2.  An  emergency  existing  therefor,  which emergency is hereby
 30    declared to exist, this act shall be in full force and effect on and after its
 31    passage and approval, and retroactively to January 1, 2000.

Statement of Purpose / Fiscal Impact


                STATEMENT OF PURPOSE 
                      RS 10340 
     
     As a result of new public policy created by the passage of HB513, there will be a
     significant tax shift in many school districts, placing additional tax burdens on the
     homeowners, business persons and landowners in the district. The purpose of this
     legislation is to provide a hold harmless provision for those taxpayers in the
     impacted school districts. The hold harmless provision would impact only
     existing plant facility levies, bonded indebtedness and supplemental levies. The
     market value for assessment purposes on December 31, 1999, would be 
     established as the state guaranteed value of the district, until such time that the
     market value reaches or surpasses the December 
     31, 1999, value. 
     
     The state's guarantee will come from the state's Budget Stabilization Account, in
     the manner described in the text of the bill. 
     
     
     
                    FISCAL IMPACT 
     
     The fiscal impact of this legislation is based on statistics provided by the State
     Department of Education. The fiscal impact is projected to be approximately
     $100,000 in the last year of the phase-in of Section 63-1705, Idaho Code, based
     on current levies. 
     
     
     Contact
     Name: Rep. Roger Chase
     Phone: 208-332-1000 
     
                                                  STATEMENT OF PURPOSE/FISCAL NOTE                                   H 806