SENATE BILL 1075
Homeowner property tax relief
TAXES – Amends and adds to existing law to establish provisions regarding the homeowner property tax relief program.
RS30276 / S1075
The purpose of this bill is to provide property tax relief to Idaho homeowners on their primary residence. The bill will dedicate 4.5% of annual sales tax revenues, providing a subtraction from each homeowner’s total property tax bill. For the year 2023, the amount of approximately $205 million will be appropriated from FY 2023 General Fund surplus to begin this relief in the first year after passage of the bill.
| Date | Description |
|---|---|
| 02/10 | Introduced; read first time; referred to JR for Printing |
| 02/13 | Reported Printed; referred to Local Government & Taxation |