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SCR157.....................................................by STATE AFFAIRS
INTANGIBLE PERSONAL PROPERTY - TAX EXEMPTION - Stating findings of the
Legislature and authorizing the Legislative Council to appoint an interim
committee to study the effects of the exemption from personal property tax
of certain intangible personal property.
03/02 Senate intro - 1st rdg - to printing
03/03 Rpt prt - to St Aff
SCR157
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-fifth Legislature Second Regular Session - 2000
IN THE SENATE
SENATE CONCURRENT RESOLUTION NO. 157
BY STATE AFFAIRS COMMITTEE
1 A CONCURRENT RESOLUTION
2 AUTHORIZING THE LEGISLATIVE COUNCIL TO APPOINT A COMMITTEE TO STUDY THE EFFECT
3 OF THE EXEMPTION FROM PROPERTY TAXATION OF CERTAIN INTANGIBLE PROPERTY AS
4 SET FORTH IN SECTION 63-602L, IDAHO CODE.
5 Be It Resolved by the Legislature of the State of Idaho:
6 WHEREAS, the exemption from property taxation of certain intangible per-
7 sonal property found in Section 63-602L, Idaho Code, was amended in 1998 by
8 House Bill 752, as amended, Section 4, Chapter 400, Laws of 1998; and
9 WHEREAS, the above-mentioned amendment may be adversely affecting school
10 district property tax receipts more than was contemplated when the Legislature
11 enacted House Bill 752, as amended; and
12 WHEREAS, the above-mentioned amendment may be adversely affecting non-
13 school districts by limiting their tax base in such a way as to cause the
14 levies necessary to fund their budgets to pass statutory levy limits; and
15 WHEREAS, the above-mentioned amendment may be resulting in a property tax
16 shift greater than that contemplated when the Legislature enacted House Bill
17 752, as amended.
18 NOW, THEREFORE, BE IT RESOLVED by the members of the Second Regular Ses-
19 sion of the Fifty-fifth Idaho Legislature, the Senate and the House of Repre-
20 sentatives concurring therein, that the Legislative Council is authorized to
21 appoint a committee to review the effects of House Bill 752, as amended, and
22 recommend possible changes to the statutes pertaining to taxation, or exemp-
23 tion from taxation, of intangible property. The committee is directed to
24 involve representatives of industry, agricultural groups, small businesses,
25 the state Department of Education, county governments, homeowners and any
26 other group of property taxpayers the committee might deem appropriate. The
27 committee is further directed to consult with the Idaho State Tax Commission.
28 BE IT FURTHER RESOLVED that nonlegislative members of the committee may be
29 appointed by the cochairs of the committee who are appointed by the Legisla-
30 tive Council. Nonlegislative members of the committee shall not be reimbursed
31 from legislative funds for per diem, mileage or other expenses and shall not
32 have voting privileges regarding the committee's recommendations or proposed
33 legislation.
34 BE IT FURTHER RESOLVED that the committee shall make its report to the
35 First Regular Session of the Fifty-sixth Idaho Legislature detailing its find-
36 ings, recommendations and proposed legislation.
STATEMENT OF PURPOSE
RS10203
This Senate Concurrent Resolution authorizes the Legislative Council to appoint a
committee to study the effect of the exemption from property taxation of certain
intangible property as set forth in section 63-602L, Idaho Code.
FISCAL NOTE
Quarterly meetings would be an additional $6,000 to $10,000 total impact to the
State Legislative Fund(average Interim Committee impact). .
CONTACT: Idaho Association of Counties 345-9126
Harley Hinshaw -Valley County Assessor
Dan Chadwick Executive Director IAC
STATEMENT OF PURPOSE/FISCAL IMPACT SCR 157