The bill amends Section 63-714 of the Idaho Code to revise the provisions regarding the deferral of property tax for qualified claimants. Key changes include the inclusion of delinquencies, interest, late charges, costs, and fees in the deferral process. Additionally, it allows applications for deferral submitted after the September deadline to be accepted and processed without accruing interest or penalties until the following January, provided they do not include delinquencies for more than two tax years. The bill also clarifies that qualified claimants can apply for property tax deferral in subsequent years.

Furthermore, the bill emphasizes that applications must demonstrate sufficient equity in the property and proof of adequate insurance for the deferred tax and interest. The state tax commission is tasked with establishing the necessary forms and requirements for the application process. The act declares an emergency, making it effective on July 1, 2025.

Statutes affected:
Bill Text: 63-714
Engrossment 1: 63-714
Engrossment 2: 63-714