Idaho H0886 establishes a state property tax on non-primary residential properties to fund public safety and infrastructure.
Idaho H0886 amends existing law to establish a state property tax on non-primary residential properties, aiming to fund public safety and infrastructure. The bill repeals a previous restriction on state property tax when a sales tax is in force. It creates a state property tax fund to collect and distribute funds. The tax rate is set at 2.5 mills on each dollar of taxable value. Exemptions include personal property, operating property, forest land, and properties devoted to mineral exploration.
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- Core Provisions
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- Impact
- Legal Framework
- Critical Issues
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