The bill amends Section 63-602G of the Idaho Code to revise the homestead exemption provisions and introduce a new property tax exemption for certain homesteads occupied by school-age children who are not enrolled in public schools. Starting in 2025, homeowners with at least one qualifying school-age child—defined as a child aged five to eighteen who is not enrolled in a taxpayer-funded public school—will be eligible for an exemption from all property tax levies authorized in Title 33 of the Idaho Code. The bill clarifies that this exemption does not apply if the homestead is occupied by children who do not meet the specified qualifications. Additionally, it includes technical amendments to correct code references and updates the application process, allowing homeowners to apply for the exemption only once as long as they continue to meet the necessary conditions.

Furthermore, the bill enhances the management and verification of property tax exemptions and new construction assessments by introducing a searchable database for officials to ensure individuals do not claim multiple active exemptions and that their voting residence aligns with their homestead exemption. It outlines the requirements for county assessors to prepare a new construction roll, detailing necessary information such as taxpayer names and property descriptions. The bill also specifies conditions for value deductions or inclusions in the new construction roll and clarifies information sharing with state officials. An emergency clause is included, making the act effective immediately upon passage and retroactively to January 1, 2025.

Statutes affected:
Bill Text: 63-602G, 63-301A, 63-3077