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Committee holds House Bill 74; introduces RS 32441 to make $100 million in property-tax relief ongoing
Summary
The Idaho House Revenue and Taxation Committee on Feb. 21 held House Bill 74 in committee and introduced a related rewrite, RS 32441, which sponsor Representative Jason Monks said would convert a previously one-time $50 million allocation into ongoing funding and add another $50 million for homeowner property-tax relief.
The Idaho House Revenue and Taxation Committee on Feb. 21 held House Bill 74 in committee and introduced a related rewrite, RS 32441, which sponsor Representative Jason Monks said would convert a previously one-time $50 million allocation into ongoing funding and add another $50 million for homeowner property-tax relief.
Representative Jason Monks, R., of District 22, told the committee the package adds $50 million to the School Facilities Fund and $50 million to the Homeowners Property Tax Relief Account. “The new RS does the exact same thing, both of those ongoing,” Monks said, summarizing the change from a one-time payment to an ongoing appropriation.
Nut graf: The measures amend how state dollars are routed for property-tax relief. Under the structure Monks…
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