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H0118..............................................................by TRAIL
STATE GUARANTEED SCHOOL SUPPORT - Adds to existing law to provide for state
guaranteed school support; and to provide for a procedure in calculating
tax levies for supplemental, plant facilities and bond funds for school
districts.
01/30 House intro - 1st rdg - to printing
01/31 Rpt prt - House desk
02/01 To Rev/Tax
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-sixth Legislature First Regular Session - 2001
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 118
BY TRAIL
1 AN ACT
2 RELATING TO LEVY AND APPORTIONMENT OF TAXES; AMENDING CHAPTER 8, TITLE 63, BY
3 THE ADDITION OF A NEW SECTION 63-803A, IDAHO CODE, TO PROVIDE FOR STATE
4 GUARANTEED SCHOOL SUPPORT AND TO PROVIDE FOR A PROCEDURE IN CALCULATING
5 TAX LEVIES FOR SUPPLEMENTAL, PLANT FACILITIES AND BOND FUNDS OF SCHOOL
6 DISTRICTS; DECLARING AN EMERGENCY AND PROVIDING RETROACTIVE APPLICATION.
7 Be It Enacted by the Legislature of the State of Idaho:
8 SECTION 1. That Chapter 8, 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 63-803A, Idaho Code, and to read as follows:
11 63-803A. STATE GUARANTEED SCHOOL SUPPORT. (1) For the purpose of calcu-
12 lating tax levies for school district or chartered school district supplemen-
13 tal, plant facilities and bond funds, the following procedure shall apply. The
14 state tax commission shall subtract the taxable value in each school district
15 as shown on the abstract of the property roll of the current tax year from the
16 taxable value in each school district as shown on the abstract of the 1999
17 property roll. If the difference is greater than zero (0), it shall be known
18 as the property tax replacement value. The state tax commission shall, by the
19 first Monday of September, inform the county commissioners of every county in
20 which each affected school district is located of the property tax replacement
21 value. The county commissioners shall add the property tax replacement value
22 to the taxable value of all property in the school district and shall use the
23 resulting amount to compute each tax levy pursuant to section 63-803, Idaho
24 Code. After the state tax commission approves such levies, it shall multiply
25 the property tax replacement value for each school district by the appropriate
26 levy. The state tax commission shall, by the fourth Monday in November, cer-
27 tify the resulting dollar amount to the state department of education for dis-
28 tribution to affected school districts. Distributions calculated as provided
29 in this section shall be made to school districts in two (2) equal
30 installments on the due dates as specified in section 63-903, Idaho Code, for
31 the property taxes being replaced.
32 (2) Replacement shall be made by warrants drawn by the state controller
33 against the budget stabilization fund established in section 57-814, Idaho
34 Code, and for that purpose the money in the fund is hereby appropriated.
35 (3) Once the taxable value, as defined in section 63-803(4), Idaho Code,
36 for assessment purposes of the school district reaches the December 31, 1999,
37 actual market value for assessment purposes, the provisions of this section
38 shall no longer apply.
39 SECTION 2. An emergency existing therefor, which emergency is hereby
40 declared to exist, this act shall be in full force and effect on and after its
41 passage and approval, and retroactively to January 1, 2001.
STATEMENT OF PURPOSE
RS 10883
The legislative intent is that for the purpose of calculating tax
levies for school districts or chartered school district
supplementals, plant facilities and bond funds, the following
procedure will apply. The State Tax Commission shall subtract the
taxable value in each school district as shown on the abstract of the
property roll of the current tax year from the taxable value in each
school district as shown on the abstract of the 1999 property roll. If
the difference is greater than zero, it shall be known as the property
tax replacement value. The State Tax Commission shall inform the
county commissioners of every county in which each affected school
district is located of the property tax replacement value. The county
commissioners shall add the property tax replacement value to the
taxable value of all property in the school district and will use the
resulting amount to compute each tax levy pursuant to Section 63-803,
Idaho Code. After the State Tax Commission approves these levies, it
shall multiply the property tax replacement value for each school
district by the appropriate levy. Replacement shall be made by
warrants drawn by the state controller against the Budget
Stabilization Fund established in Section 57-814, Idaho Code. Once the
taxable value, as defined in Section 63-803 (4), Idaho Code, reaches
the December 31, 1999 actual market value for assessment purposes, the
provisions of this section shall no longer apply.
FISCAL IMPACT
The estimated impact on the General Fund is at a cost of
$500,000.
Contact
Name: Rep. Tom Trail
Phone: 332 1202
Dr. Daryl Bertelsen
Phone: (208) 334 5397
STATEMENT OF PURPOSE/FISCAL NOTE H 11