SENATE BILL 1107
Property tax reduction, eligibility
PROPERTY TAX REDUCTION – Amends existing law to revise eligibility provisions for the property tax reduction program.
RS30350 / S1107
This bill makes a change to Idaho Code § 63-705, Section 1, by increasing the maximum value of a home that qualifies for the property tax reduction program (aka Circuit Breaker) and raises applicant income limits to assist more low-income applicants to afford property taxes and remain in their homes.
The impact to the General Fund will be an estimated $1.6 million increase in the cost of the circuit breaker program.
| Date | Description |
|---|---|
| 02/16 | Introduced; read first time; referred to JR for Printing |
| 02/17 | Reported Printed; referred to Local Government & Taxation |