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H0477...............................................by REVENUE AND TAXATION
PROPERTY TAX - Repeals, adds to and amends existing law to delete the
method of assessment for certain manufactured homes under a dealer's plate
or as a sheep and cow camp; to exempt from taxation certain manufactured
homes used under a dealer's plate or as a sheep and cow camp; and to
provide that the State Tax Commission shall promulgate rules specifying
procedures to establish average crop prices and capitalization rates and
for the publication of crop prices and of the discount rate to be used to
determine the capitalization rate used in calculating the exemption of the
speculative portion of the value of agricultural land.
01/19 House intro - 1st rdg - to printing
01/20 Rpt prt - to Rev/Tax
02/03 Rpt out - rec d/p - to 2nd rdg
02/04 2nd rdg - to 3rd rdg
02/09 3rd rdg - PASSED - 68-0-2
AYES -- Andersen, Barraclough, Barrett, Bauer, Bayer, Bedke, Bell,
Black, Block, Boe, Bolz, Bradford, Campbell, Cannon, Clark, Collins,
Crow, Cuddy, Deal, Denney, Douglas, Eberle, Edmunson, Ellsworth,
Eskridge, Field(18), Field(23), Gagner, Garrett, Harwood, Henbest,
Jaquet, Jones, Kellogg, Kulczyk, Lake, Langford, Martinez, McKague,
Meyer, Miller, Mitchell, Moyle, Naccarato, Nielsen, Pasley-Stuart,
Raybould, Ridinger, Ring, Ringo, Roberts, Robison, Rydalch, Sali,
Sayler, Schaefer, Shepherd, Shirley, Skippen, Smith(30), Smith(24),
Smylie, Snodgrass, Stevenson, Trail, Wills, Wood, Mr. Speaker
NAYS -- None
Absent and excused -- Langhorst, McGeachin
Floor Sponsor - Wood
Title apvd - to Senate
02/10 Senate intro - 1st rdg - to Loc Gov
02/12 Rpt out - rec d/p - to 2nd rdg
02/13 2nd rdg - to 3rd rdg
03/02 3rd rdg - PASSED - 28-2-5
AYES -- Andreason, Bailey, Brandt, Burtenshaw, Calabretta, Cameron,
Compton(Duncan), Darrington, Davis, Gannon, Geddes, Goedde, Hill,
Ingram, Keough, Little, Lodge, Malepeai, Marley, McKenzie,
Noble(Anderson), Noh, Pearce, Schroeder, Stennett, Sweet, Werk,
Williams
NAYS -- Burkett, Kennedy
Absent and excused -- Bunderson, McWilliams, Richardson, Sorensen,
Stegner
Floor Sponsor - Compton(Duncan)
Title apvd - to House
03/03 To enrol
03/04 Rpt enrol - Sp signed
03/05 Pres signed
03/08 To Governor
03/10 Governor signed
Session Law Chapter 27
Effective: 07/01/04
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]]
Fifty-seventh Legislature Second Regular Session - 2004
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 477
BY REVENUE AND TAXATION COMMITTEE
1 AN ACT
2 RELATING TO THE PROPERTY TAX; REPEALING SECTION 63-602DD, IDAHO CODE, RELATING
3 TO TAXES ON CERTAIN PROPERTY DEFERRED FOR A TIME CERTAIN; AMENDING SECTION
4 63-303, IDAHO CODE, TO DELETE THE METHOD OF ASSESSMENT FOR CERTAIN MANU-
5 FACTURED HOMES UNDER A DEALER'S PLATE OR AS A SHEEP AND COW CAMP; AMENDING
6 CHAPTER 6, TITLE 63, IDAHO CODE, BY THE ADDITION OF A NEW SECTION
7 63-602DD, IDAHO CODE, TO EXEMPT FROM TAXATION CERTAIN MANUFACTURED HOMES
8 USED UNDER A DEALER'S PLATE OR AS A SHEEP AND COW CAMP; AND AMENDING SEC-
9 TION 63-602K, IDAHO CODE, TO PROVIDE THAT THE STATE TAX COMMISSION SHALL
10 PROMULGATE RULES SPECIFYING PROCEDURES BY WHICH IT SHALL ESTABLISH ECO-
11 NOMIC RENT, AVERAGE CROP RENTAL AND CAPITALIZATION RATES, AND FOR THE PUB-
12 LICATION OF CROP PRICES AND THE DISCOUNT RATE TO BE USED TO DETERMINE THE
13 CAPITALIZATION RATE TO BE USED IN CALCULATING THE EXEMPTION OF THE SPECU-
14 LATIVE PORTION OF THE VALUE OF AGRICULTURAL LAND.
15 Be It Enacted by the Legislature of the State of Idaho:
16 SECTION 1. That Section 63-602DD, Idaho Code, be, and the same is hereby
17 repealed.
18 SECTION 2. That Section 63-303, Idaho Code, be, and the same is hereby
19 amended to read as follows:
20 63-303. ASSESSMENT OF MANUFACTURED HOMES. Manufactured homes shall be
21 assessed as other residential housing and such assessments shall be entered on
22 the property roll. except that the following manufactured homes are specifi-
23 cally exempt from the provisions of this section:
24 (1) Manufactured homes eligible to be used under a dealer's license
25 plate;
26 (2) Manufactured homes designated as sheep and cow camps.
27 SECTION 3. That Chapter 6, Title 63, Idaho Code, be, and the same is
28 hereby amended by the addition thereto of a NEW SECTION, to be known and des-
29 ignated as Section 63-602DD, Idaho Code, and to read as follows:
30 63-602DD. MANUFACTURED HOMES USED UNDER A DEALER'S PLATE OR AS A SHEEP
31 AND COW CAMP. The following property is exempt from taxation: Manufactured
32 homes that are:
33 (1) Manufactured homes eligible to be used under a dealer's license
34 plate; or
35 (2) Manufactured homes designated as sheep and cow camps.
36 SECTION 4. That Section 63-602K, Idaho Code, be, and the same is hereby
37 amended to read as follows:
38 63-602K. PROPERTY EXEMPT FROM TAXATION -- SPECULATIVE PORTION OF VALUE OF
2
1 AGRICULTURAL LAND. (1) The speculative portion of the value of land devoted to
2 agriculture is exempt from taxation.
3 (2) "Land devoted to agriculture" shall mean that property defined by
4 section 63-604, Idaho Code.
5 (3) "Speculative portion" shall mean that portion of the value of agri-
6 cultural land which represents the excess over the actual use value of such
7 land established by comparable sales data compared to value established by
8 capitalization of economic rent or long-term average crop rental at a capital-
9 ization rate which shall be the rate of interest charged by the Spokane office
10 of the farm credit system averaged over the immediate past five (5) years plus
11 a component for the local tax rate.
12 (4) The state tax commission shall adopt rules implementing this section
13 which shall provide the procedure by which it shall establish economic rent,
14 average crop rental and capitalization rates and for the publication of crop
15 prices and the discount rate to be used to determine the capitalization rate.
STATEMENT OF PURPOSE
RS 13450
This bill makes technical amendments and updates to the property
tax statutes.
Section 1 repeals section 63-602DD, Idaho Code, relating to a
deferral of property taxes from 1997 to 1999 for qualified non-
profit hospitals and medical centers. The section is no longer
operative.
Sections 2 and 3. Provisions relating to exempting manufactured
homes used under a dealer's plate or as a sheep or cow camp are
moved from section 63-303, Idaho Code, (relating to assessments) to
a new section 63-602DD, Idaho Code, (relating to exemptions).
Section 4 amends section 63-602K, Idaho Code, to require the State
Tax Commission to promulgate rules specifying procedures by which
the Commission establishes and publishes average crop prices,
capitalization and discount rates. These amounts are used to
determine the exemption of the speculative portion of the value of
agricultural land.
FISCAL IMPACT
No fiscal effect.
CONTACT
Name: Dan John / Ted Spangler
Agency: Tax Commission
Phone: 334-7530
Statement of Purpose/Fiscal Impact H 477