STATEMENT OF PURPOSE
RS28392 / S1048
This legislation changes the cap on growth of property tax budgets to prevent increases that exceed the growth
in income of citizens when there are periods of rapid growth combined with rapid increases in assessed value.
FISCAL NOTE
There is no impact to the general fund. Local property tax budgets will be limited during periods of time when
there is rapid increase in assessed value combined with high growth.
Contact:
Senator Jim Rice
(208) 332-1000
Representative Jim Addis
(208) 332-1065
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: 02/02/2021, 3:41 PM


Statutes affected:
Bill Text: 63-802