This bill amends Section 63-602G of the Idaho Code to revise the homestead exemption provisions and introduces 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 for the application process, stating that homeowners need only apply once as long as they continue to meet the conditions.

Furthermore, the bill enhances the accessibility and accuracy of property tax exemption information and new construction assessments. It establishes a searchable database of homestead exemptions by name and address to prevent multiple claims by the same individual and ensure alignment with voting residency. The bill also details the information required for preparing the new construction roll, specifies exclusions for taxable market value, and emphasizes accurate reporting and corrections. It includes provisions for the state tax commission to share taxpayer information with county assessors and the Idaho Secretary of State for verification. The act will take effect immediately upon passage, with retroactive effectiveness from January 1, 2025.

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