STATEMENT OF PURPOSE
RS27934 / S1416
This legislation re-establishes the index on the Idaho Homestead exemption and raises the exemption to
$120,000.00
FISCAL NOTE
There is no fiscal impact on the General Fund. The Tax Commission is able to do this within their existing
budget. Local taxing districts will be kept whole, however, there will be some shifting of tax liability between
property owners.
Contact:
Senator Steve Vick
(208) 332-1308
DISCLAIMER: This statement of purpose and fiscal note are a mere attachment to this bill and prepared by a proponent
of the bill. It is neither intended as an expression of legislative intent nor intended for any use outside of the legislative
process, including judicial review (Joint Rule 18).
Statement of Purpose / Fiscal Note Bill SOP/FN INTRODUCED: 03/13/2020, 11:52 AM


Statutes affected:
Bill Text: 63-602G