REVISED
STATEMENT OF PURPOSE
RS31056 / H0444
This legislation seeks to close a loophole of government taking surplus proceeds in excess of debts owed. When
government takes property for outstanding property tax debts, they can sell the property, retain the amounts
owed for the debt, and pay the remaining proceeds to the former property owner. A loophole exists in Idaho
code where the government could transfer the property to another government entity and consequently not
disburse any amount back to the former property owner. Thus the property owner would lose any equity in the
property. This legislation prevents a government entity from doing so.
FISCAL NOTE
This legislation causes no additional expenditure of funds at the state or local level of government. If any local
governments were utilizing this loophole, they may experience a small decrease in revenue from the excess
proceeds.
Contact:
Representative Jeff Ehlers
Senator Phil Hart
(208) 332-1000
DISCLAIMER: This statement of purpose and fiscal note are a mere attachment to this bill and prepared by a proponent
of the bill. It is neither intended as an expression of legislative intent nor intended for any use outside of the legislative
process, including judicial review (Joint Rule 18).
Statement of Purpose / Fiscal Note Bill SOP/FN REVISED: 02/29/2024, 1:21 PM


Statutes affected:
Bill Text: 31-808