This bill amends several sections of the Idaho Code related to the collection and settlement of property taxes, specifically addressing late charges and interest. Section 63-903 is revised to clarify the payment deadlines for property taxes and the assessment of late charges and interest if payments are not made on time. Notably, it introduces provisions for the county auditor to apportion late charges and interest among taxing districts based on the proportion of property taxes collected.

Additionally, Sections 63-1201 and 63-1202 are amended to ensure that late charges and interest collected by the county tax collector are included in the monthly settlements with the county auditor and in the transmittals to taxing districts. The bill emphasizes the importance of including these additional charges in financial reporting and distribution to ensure proper allocation among various taxing authorities. An emergency clause is included, making the act effective on July 1, 2026.

Statutes affected:
Bill Text: 63-903, 63-1201, 63-1202