What to Watch: Week of March 7
Multiple Bills Significantly Impacting Counties Up this Week In addition to the property tax/sales tax replacement bill House Bill 741 which we have been tracking closely, many other key bills affecting counties will likely be on the move this week. Three of the bills mentioned below could provide property tax relief while still keeping counties …
From the Executive Director: Week of March 7
House Introduces Major Property Tax Reform Legislation On Friday, March 4th, the House Revenue and Taxation Committee introduced House Bill 741 exempting owner-occupied residential property from paying most property tax levies. House Bill 741 is sponsored by House Majority Leader Mike Moyle (District 14, Ada County) and Senate Local Government and Taxation Committee Chair Jim …
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From the Executive Director: Week of February 28
Major Property Tax Relief Legislation on Tap for Introduction After weeks of speculation and the cancelation of multiple introductory hearings, major property tax relief legislation is set to be unveiled later this week. While an introductory hearing has yet to be set, legislators are tying up loose ends in preparation of making the bill public. …
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From the Executive Director: Week of February 21
Major Property Tax Relief Package on Tap The House Revenue and Taxation Committee is poised to introduce a property tax relief package that will alter how local governments are funded. Under the framework, anyone who owns a residential property and receives the homestead exemption would be exempt from paying nonexempt property taxes to counties, cities, …
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What to Watch: Week of February 21
Special IAC Member Meeting on Property Tax Replacement Proposal this Week Leaders in the House and Senate are focusing in on a proposal to increase the state sales tax to 7.95%, dedicating the increase to expand the grocery tax credit and provide property tax relief for owner-occupied homes. Under the proposal, anyone receiving the homestead …
From the Executive Director: Week of February 14
As we enter the sixth week of the 2022 Legislative Session, the number of introduced bills has increased significantly. In spite of these increases, very few bills have advanced having an impact on counties. The chart below is a good comparison of recent bill introduction history through the first five weeks of the legislative session. …
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From the Executive Director: Week of February 7
Thanks to everyone who attended our IAC Midwinter Legislative Conference last week. We had great dialogue with Governor Little and legislators. It’s an annual highlight for me and I’m sure you all feel the same. At the conference, we spent considerable time in IAC committees and general sessions immersed in conversations about two important issues: …
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From the Executive Director: Week of January 31
Welcome to Boise for the annual IAC Midwinter Legislative Conference. I’m excited to see everyone as we roll up our sleeves and work with the Legislature on issues important to counties. As you meet with your legislators, I want to make sure you are up to speed with where things stand with ongoing discussions on …
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What to Watch For: Jan. 31 – Feb. 4
Proposed Changes to Circuit Breaker Eligibility Last year, House Bill 389 changed the Property Tax Relief (PTR) eligibility requirements by adding restrictions that disallow residents from qualifying if their homes are valued over 125% of the median residential property value of the county. With this change, many previous qualifiers are no longer eligible. House Bill …
County Property Tax Budgets
IAC has been reviewing property tax budget data for the 2021 tax year from information recently released by the Idaho State Tax Commission. The data reveals that local taxing districts levied just over $2.1 billion in property taxes for tax year 2021 (county fiscal year 2022). From this amount, counties budgeted just over $560 million, …