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H0495...............................................by REVENUE AND TAXATION
NEW CONSTRUCTION ROLL - Amends existing law to provide that construction
values for certain equipment or facilities used in conjunction with the
generation of electricity shall be reported for the preparation of new
construction rolls; and to provide exceptions.
01/29 House intro - 1st rdg - to printing
01/30 Rpt prt - to Rev/Tax
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-sixth Legislature Second Regular Session - 2002
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 495
BY REVENUE AND TAXATION COMMITTEE
1 AN ACT
2 RELATING TO THE DUTIES OF THE COUNTY ASSESSOR; AMENDING SECTION 63-301A, IDAHO
3 CODE, TO FURTHER DEFINE CONSTRUCTION TO BE SHOWN ON THE NEW CONSTRUCTION
4 ROLL TO INCLUDE CERTAIN EQUIPMENT OR FACILITIES USED IN CONJUNCTION WITH
5 THE GENERATION OF ELECTRICITY AND TO PROVIDE EXCEPTIONS.
6 Be It Enacted by the Legislature of the State of Idaho:
7 SECTION 1. That Section 63-301A, Idaho Code, be, and the same is hereby
8 amended to read as follows:
9 63-301A. NEW CONSTRUCTION ROLL. (1) The county assessor shall prepare a
10 new construction roll, which shall be in addition to the property roll, which
11 new construction roll shall show:
12 (a) The name of the taxpayer;
13 (b) The description of the new construction, suitably detailed to meet
14 the requirements of the individual county;
15 (c) A description of the land and its change in use, suitably detailed to
16 meet the needs of the individual county;
17 (d) The amount of taxable market value added to the property on the cur-
18 rent year's property roll that is directly the result of new construction
19 or a change in use of the land or both.
20 (2) As soon as possible, but in any event by no later than the first Mon-
21 day in June, the new construction roll shall be certified to the county audi-
22 tor and a listing showing the amount of value on the new construction roll in
23 each taxing district or unit be forwarded to the state tax commission. Pro-
24 vided however, the value shown in subsection (3)(f) of this section shall be
25 reported to the appropriate county auditor by the state tax commission by the
26 third Monday in July and the value sent by the county auditor to each taxing
27 district. The value established pursuant to subsection (3)(f) of this section
28 is subject to correction by the state tax commission until the first Monday in
29 September and any such corrections shall be sent to the appropriate county
30 auditor, who shall notify any affected taxing districts.
31 (3) The value shown on the new construction roll may include the value
32 increase from:
33 (a) Construction of any new structure that previously did not exist; or
34 (b) Additions or alterations to existing nonresidential structures; or
35 (c) Installation of new or used manufactured housing that did not previ-
36 ously exist within the county; or
37 (d) Change of land use classification; or
38 (e) Property newly taxable as a result of loss of the exemption provided
39 by section 63-602W, Idaho Code; or
40 (f) The construction of any improvement or installation of any equipment
41 used for or in conjunction with the generation of electricity and the
42 addition of any improvement or equipment intended to be so used, except
43 property that has a value allocated or apportioned pursuant to section
2
1 63-405, Idaho Code, or that is owned by a cooperative or municipality, as
2 those terms are defined in section 61-332A, Idaho Code, or that is owned
3 by a public utility, as that term is defined in section 61-332A, Idaho
4 Code, owning any other property that is allocated or apportioned. No
5 replacement equipment or improvements may be included.
6 (4) The amount of taxable market value of new construction shall be the
7 change in net taxable market value that is attributable directly to new con-
8 struction or a change in use of the land or loss of the exemption provided by
9 section 63-602W(3), Idaho Code. It shall not include any change in value of
10 existing property that is due to external market forces such as general or
11 localized inflation.
STATEMENT OF PURPOSE
RS 11703
This legislation would allow non-utility facilities used for
or in conjunction with the generation of electricity to be
included in the new construction roll. Such non-utility
generating facilities would be treated on the new construction
roll similar to newly constructed buildings, such as an industrial
plant, a warehouse, or a retail store, etc. Specifically excluded
from the new construction roll would be electrical generation
property owned by a public utility, cooperative or municipality
as defined by section 61-332A, Idaho Code. The amendment also
provides reporting requirements for the Idaho State Tax Commission.
FISCAL IMPACT
Taxing district may not increase their property tax budgets more
than three percent (3%) over the highest amount of the last three
years, plus the amount of revenue that would have been generated
by applying the non-exempt levy of the previous year to property
annexed or on the new construction roll. The new construction roll
is prepared by the county assessor and includes taxable market value
of new buildings. This legislation would add certain non-utility
generating facilities, assessed by the Idaho State Tax Commission,
to the new construction roll which may allow a budget increase if
such facilities are constructed within a taxing district.
Contact
Name: Representative Leon Smith
Phone: 332-1000
Name:Senator Clyde Boatright
Phone:332-1407
STATEMENT OF PURPOSE/FISCAL NOTE H 495