STATEMENT OF PURPOSE
RS31590 / H0701
This proposed legislation clarifies Idaho Code which removed the April 15th Homeowner’s Exemption deadline
for existing homes (properties going from a rental to primary residence).
This proposed legislation directs all 44 Idaho counties and the Tax Commission on how to implement the
Homeowner’s Exemption in a uniform manner across Idaho by including the new formula of levy rate times the
value of the home (either with or without the $125,000 Homeowner’s Exemption) times the days of ownership.
FISCAL NOTE
If this proposed legislation becomes law, there would be a de minimis effect on county property tax collection
because Homeowner Exemptions would be going on the rolls and off the rolls as necessary.
Contact:
Representative Ned Burns
Representative Jason A. Monks
(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 INTRODUCED: 03/05/2024, 9:29 AM


Statutes affected:
Bill Text: 63-903