Print Friendly HOUSE BILL NO. 398 – Taxing dist, budget limits
HOUSE BILL NO. 398
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H0398.....................................................by WAYS AND MEANS
TAXING DISTRICTS - Adds to existing law to provide a limitation on budget
requests of taxing districts by applying tax levies against the market
value of personal property; to provide for consolidated taxing districts;
and to provide the effect of annexation.
03/30 House intro - 1st rdg - to printing
03/31 Rpt prt - to Rev/Tax
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]]
Fifty-eighth Legislature First Regular Session - 2005
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 398
BY WAYS AND MEANS COMMITTEE
1 AN ACT
2 RELATING TO BUDGET REQUESTS OF TAXING DISTRICTS; AMENDING CHAPTER 8, TITLE 63,
3 IDAHO CODE, BY THE ADDITION OF A NEW SECTION 63-802B, IDAHO CODE, TO PRO-
4 VIDE A LIMITATION ON BUDGET REQUESTS OF TAXING DISTRICTS BY APPLYING TAX
5 LEVIES AGAINST THE MARKET VALUE OF PERSONAL PROPERTY, TO PROVIDE FOR CON-
6 SOLIDATED TAXING DISTRICTS, AND TO PROVIDE THE EFFECT OF ANNEXATION;
7 DECLARING AN EMERGENCY AND PROVIDING RETROACTIVE APPLICATION.
8 Be It Enacted by the Legislature of the State of Idaho:
9 SECTION 1. That Chapter 8, Title 63, Idaho Code, be, and the same is
10 hereby amended by the addition thereto of a NEW SECTION, to be known and des-
11 ignated as Section 63-802B, Idaho Code, and to read as follows:
12 63-802B. LIMITATION ON BUDGET REQUESTS -- LIMITATION ON TAX CHARGES FOR
13 PERSONAL PROPERTY TAX -- EXCEPTIONS. For tax year 2005, and each year there-
14 after, in any budget request from a taxing district, the portion of the total
15 levies that is to be derived from levies on personal property shall not exceed
16 one hundred five percent (105%) of the amount received from tax levies against
17 the market value of personal property in tax year 2004. If taxing districts
18 are consolidated, the resulting district is entitled to an amount equal to the
19 sum of the amounts which were received in the last tax year by each district
20 pursuant to this section prior to the consolidation. If a taxing district
21 annexes territory, the district shall not be entitled to any additional moneys
22 from a levy against personal property. The state tax commission shall notify
23 each taxing district by June 15 of each year of the amount of money it
24 received from tax levies against personal property in tax year 2004.
25 SECTION 2. An emergency existing therefor, which emergency is hereby
26 declared to exist, this act shall be in full force and effect on and after its
27 passage and approval, and retroactively to January 1, 2005.
STATEMENT OF PURPOSE
This legislation would provide a limitation on budget requests of
taxing districts by applying a cap against the market value of
There is no fiscal impact to the general fund.
Name: Rep. Mike Moyle
Phone: (208) 332-1000
STATEMENT OF PURPOSE/FISCAL NOTE H 398