HOUSE BILL 521
RS31287 / H0521
This legislation provides the largest state investment in school facilities through three main avenues. First, it dedicates $125 million in ongoing sales tax revenue to the new School Modernization Facilities Fund for bonding, while providing the legislature with expanded options to cover annual service on the bonds in the event of economic downturns.
Second, this legislation increases the funding to the School District Facility Fund in two ways. It increases the sales tax revenue directed to the fund from 2.25% to 3.25% which is projected to be $25 million in FY 2025, and redirects existing lottery dividends to the fund, which is projected to be approximately $50 million in FY 2025. This fund will help school districts with paying down school bonds, levies, and plant facility levies, with any remaining funds being used at the district level for additional school facility projects.
Third, this legislation reduces income taxes from 5.8% to 5.695%, allowing Idahoans to have more money to better support local bonds and levies related to school facilities.
Additional changes and technical edits are made to related Code provisions. Combined, this bill provides unprecedented state support for school facility improvements in every school district in the state while ensuring appropriate accountability.
| Date | Description |
|---|---|
| 02/08 | Introduced, read first time, referred to JRA for Printing |
| 02/09 | Reported Printed and Referred to Revenue & Taxation |
| 02/20 | Reported out of Committee with Do Pass Recommendation, Filed for Second Reading |
| 02/21 | Read second time; Filed for Third Reading |
| 02/22 | U.C. to hold place on third reading calendar one legislative day |
| 02/23 | Read Third Time in Full – PASSED - 61-6-3 AYES – Achilles, Allgood, Andrus, Barbieri, Blanksma, Boyle, Bundy, Burns, Cannon, Cheatum, Clow, Cornilles, Crane(12), Crane(13), Dixon(1), Dixon(24), Durrant, Ehardt, Ehlers, Erickson, Furniss, Galaviz, Gallagher, Garner, Handy, Hawkins, Healey, Hill, Holtzclaw, Horman, Kingsley, Lanting, Manwaring, McCann, Mendive, Mickelsen, Miller, Mitchell, Monks, Nelsen, Palmer, Petzke, Pickett, Price, Raybould, Raymond, Redman, Roberts, Sauter, Scott, Shepherd, Skaug, Tanner, Vander Woude, Weber, Wheeler, Wisniewski, Wroten, Yamamoto, Young, Mr. Speaker NAYS – Berch, Chew(Egbert), Gannon, Mathias, Necochea, Rubel Absent – Alfieri, Green, Lambert Floor Sponsor - Monks Title apvd - to Senate |
| 02/26 | Received from the House passed; filed for first reading |
| 02/26 | Introduced, read first time; referred to: Local Government & Taxation |
| 03/06 | Reported out of Committee with Do Pass Recommendation; Filed for second reading |
| 03/07 | Read second time; filed for Third Reading |
| 03/13 | Retained on calendar |
| 03/14 | Retained on calendar |
| 03/18 | Retained on calendar |
| 03/19 | Retained on calendar |
| 03/20 | Retained on calendar |
| 03/21 | Read third time in full – PASSED - 23-11-1 AYES – Anthon, Bernt, Bjerke, Burtenshaw, Cook, Grow, Harris, Hart, Hartgen, Herndon, Just, Lakey, Lee, Lent, Nichols, Okuniewicz, Ricks, Ruchti, Schroeder, Taylor, Toews, VanOrden, Ward-Engelking NAYS – Adams, Carlson, Den Hartog, Foreman, Guthrie, Lenney, Rabe, Semmelroth, Trakel, Wintrow, Zuiderveld Absent and excused – Winder Floor Sponsor - Ricks Title apvd - to House |
| 03/22 | Returned from Senate Passed; to JRA for Enrolling |
| 03/25 | Reported Enrolled; Signed by Speaker; Transmitted to Senate |
| 03/25 | Received from the House enrolled/signed by Speaker |
| 03/25 | Signed by President; returned to House |
| 03/25 | Returned Signed by the President; Ordered Transmitted to Governor |
| 03/26 | Delivered to Governor at 3:51 p.m. on March 25, 2024 |
| 04/02 | Reported Signed by Governor on March 29, 2024 Session Law Chapter Effective: |