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Committee holds House Bill 412, introduces RS 32-715 to lock timing of $100 million property tax relief
Summary
The House Revenue and Taxation Committee on March 21 held House Bill 412 for further work and introduced RS 32-715 to clarify accounting and timing for $100 million in property tax relief, directing the transfer to occur no later than Aug. 31, 2025.
The Idaho House Revenue and Taxation Committee on March 21, 2025 voted to hold House Bill 412 for further consideration and introduced RS 32-715 to clarify the timing and accounting for a $100 million property tax relief transfer.
Representative Jeff Ehlers, R‑Meridian, told the committee that House Bill 412 collects several technical tax corrections and clarifications tied to other tax bills this session, including House Bill 40 (income tax relief), House Bill 304 (property tax relief) and House Bill 354. He said the measures are intended to make definitions and timing clearer and to align practice between state finance offices.
Ehlers said the proposal revises definitions around military benefits, adds explicit language about income tax rates for particular years, standardizes statutes of limitations for sales and income tax audits to three years when a taxpayer reasonably believed…
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