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Committee introduces RS32054C2 to provide $100 million in tax relief split for homeowners and school facilities
Summary
On Jan. 28, 2025, the House Revenue and Taxation Committee voted to introduce RS32054C2, a legislative proposal that would direct a total of $100 million in property tax relief split between school facilities and homeowners.
BOISE, Idaho — On Jan. 28, 2025, the House Revenue and Taxation Committee voted to introduce RS32054C2, a legislative proposal that would direct a total of $100 million in property tax relief split between school facilities and homeowners. Speaker Mike Moyle, District 10, presented the measure and explained how the funds would be allocated.
The bill would put $50 million annually into the school facilities (plant facilities) fund, which pays for bonds, supplementals and building repairs, and an additional one-time $50 million payment to homeowners. "I firmly believe that the only way we're gonna stop spending in this building is if we give the money back to the taxpayers," Speaker Mike Moyle said while urging the committee to introduce the RS.
The measure uses two revenue streams…
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