Rating: +1
Bill Summary:
House Bill 355 amends Idaho Code §63-714 to improve the administration and accessibility of the state’s property tax deferral program for qualified homeowners. The bill allows eligible claimants—primarily seniors and low-income individuals—to defer property taxes, including delinquent amounts, interest, and fees, after applying all other available benefits. It requires sufficient property equity and proof of casualty insurance to qualify.
The bill also allows late applications submitted after the September deadline but before December 31 to be processed for the following tax year, without additional interest or penalties. It permits claimants to reapply annually for future participation and includes safeguards to ensure financial accountability. An emergency clause makes the bill effective July 1, 2025.
Reason for Rating:
House Bill 355 aligns with the Idaho Republican Party Platform by helping vulnerable homeowners stay in their homes without expanding government entitlements or forgiving tax obligations. It protects individual property rights, maintains fiscal responsibility through equity and insurance requirements, and streamlines the program for greater efficiency. These reforms reflect limited-government principles and compassionate conservatism, making H0355 appropriately rated at +1.
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