Print Friendly

HOUSE BILL NO. 398

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.

Bill Status

---

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

Bill Text

                                                                        
                                                                        
  ]]]]              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 / Fiscal Impact

                       STATEMENT OF PURPOSE

                             RS 15222


This legislation would provide a limitation on budget requests of
taxing districts by applying a cap against the market value of
personal property.



                           FISCAL NOTE

There is no fiscal impact to the general fund.





Contact
Name:  Rep. Mike Moyle 
Phone: (208) 332-1000



STATEMENT OF PURPOSE/FISCAL NOTE                      H 398