Print Friendly SENATE BILL NO. 1324 – Buildings, school use, property tax
SENATE BILL NO. 1324
View Bill Status
View Bill Text
View Statement of Purpose / Fiscal Impact
Text to be added within a bill has been marked with Bold and
Underline. Text to be removed has been marked with
Strikethrough and Italic. How these codes are actually displayed will
vary based on the browser software you are using.
This sentence is marked with bold and underline to show added text.
This sentence is marked with strikethrough and italic, indicating
text to be removed.
BUILDINGS - SCHOOL USE - Amends existing law to clarify the exemption from
property tax for a portion of a building used for school or educational
02/16 Senate intro - 1st rdg - to printing
02/17 Rpt prt - to Loc Gov
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]]
Fifty-seventh Legislature Second Regular Session - 2004
IN THE SENATE
SENATE BILL NO. 1324
BY EDUCATION COMMITTEE
1 AN ACT
2 RELATING TO PROPERTY EXEMPT FROM TAXATION; AMENDING SECTION 63-602E, IDAHO
3 CODE, TO CLARIFY THE EXEMPTION FROM PROPERTY TAX FOR A PORTION OF A BUILD-
4 ING USED FOR SCHOOL OR EDUCATIONAL PURPOSES; DECLARING AN EMERGENCY AND
5 PROVIDING RETROACTIVE APPLICATION.
6 Be It Enacted by the Legislature of the State of Idaho:
7 SECTION 1. That Section 63-602E, Idaho Code, be, and the same is hereby
8 amended to read as follows:
9 63-602E. PROPERTY EXEMPT FROM TAXATION -- PROPERTY USED FOR SCHOOL OR
10 EDUCATIONAL PURPOSES. (1) The following property is exempt from taxation: all
11 property used exclusively for nonprofit school or educational purposes, prop-
12 erty used for charter school purposes, and all property from which no profit
13 is derived and which is held or used exclusively for endowment, building or
14 maintenance purposes of schools or educational institutions.
15 (2) If property, whether leased or owned, is used primarily for charter
16 school purposes and but used also for business purposes from which a revenue
17 is derived, which revenue is not related to the educational purpose for which
18 the charter school exists, the assessor shall determine the value of the
19 entire property, of the part used for charter school purposes, and of the part
20 used for such unrelated business purposes. The portion of the building used
21 for charter school purposes and for business and administration of the charter
22 school shall be exempt from taxation.
23 SECTION 2. An emergency existing therefor, which emergency is hereby
24 declared to exist, this act shall be in full force and effect on and after its
25 passage and approval, and retroactively to January 1, 2004.
STATEMENT OF PURPOSE
This legislation clarifies that public charter schools qualify for a
property tax exemption on that portion of rental property used by the
public charter school. This is a clarification of language in HB 255
passed during the 2003 legislative session.
No impact to the general fund.
Name: Sen. Elliot Werk
STATEMENT OF PURPOSE / FISCAL NOTE S 1324