The proposed bill introduces a new chapter, Chapter 26, to Title 63 of the Idaho Code, titled the "County Property Tax Relief Act." This legislation aims to establish a county transient room tax, which can be approved by county residents and implemented by the Board of County Commissioners. The tax, not exceeding three percent of the sales price of transient room rentals, is intended to alleviate the tax burden on residential property owners by shifting some of the financial responsibility to visitors utilizing county services. The bill outlines the definitions of key terms, the authority for tax implementation, and the specific uses of the tax revenue, which must include at least fifty percent allocated for property tax relief.

Additionally, the bill amends Section 63-1804 of the Idaho Code to revise the duties of short-term rental property owners and marketplaces regarding tax collection and compliance. It clarifies that local governments cannot impose additional taxes on short-term rental operations and mandates that short-term rental marketplaces register with the state tax commission for tax collection. The amendments also include a new requirement for short-term rental owners who operate independently of a marketplace to comply with the same tax obligations. The bill declares an emergency, making it effective on July 1, 2025.

Statutes affected:
Bill Text: 63-1804