House Revenue and Taxation committee approves four rule dockets, changes agricultural land valuation method

The Idaho House Revenue and Taxation Committee approved four administrative rule dockets at its morning meeting, including a rule that revises how agricultural land is assessed for property tax.

The measures approved covered: docket 3501032401 (property tax rule revising agricultural land assessment), docket 3501032402 (housekeeping changes to property tax administrative rules), docket 3501052401 (motor fuel tax regulation rewrite), and docket 3501102401 (cigarette and tobacco tax regulation rewrite). Each docket was approved by voice vote with no opposition recorded on the transcript.

Vice Chairman Representative John Weber introduced docket 3501032401 and said the rule “clarifies the calculation and updates it regarding ag land assessment and value, changing it from acre per income to income per…