SENATE BILL 1055
EDUCATION – Amends existing law to revise provisions regarding levies.
RS30260 / S1055
This legislation revises the parameters in Idaho Code §33-802A regarding school district voter approved bond repayments. Currently, school board trustees can levy between 12 months and 21 months for annual bond payments from property taxpayers. This legislation adjusts those levy parameters down to between 12 months and 14 months.
There is no anticipated impact to the state general fund since school bond repayments are collected on local county property tax statements. Local property taxpayers will see a reduction in their school bond obligation if more than 14 month payment was being collected annually on a particular bond.
|02/08||Introduced; read first time; referred to JR for Printing|
|02/09||Reported Printed; referred to Local Government & Taxation|
|02/23||Reported out of committee; to 14th Order for amendment|
|03/27||Placed in the Committee of the Whole|
|Reported out without recommendation, as amended|
|Amendments ordered printed; referred for engrossment|
|Amendments reported printed|
|Reported engrossed, filed for first reading, as amended|
|Read first time as amended, filed for Second Reading|
|03/28||Read second time as amended, filed for Third reading|