US Laws, Codes, Statutes & Cases

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 6
                           EXEMPTIONS FROM TAXATION
    63-602II.  PROPERTY EXEMPT FROM TAXATION -- UNUSED INFRASTRUCTURE. (1) It
is the intent of this section to preserve infrastructure and encourage
economic development in the limited circumstances when a business or other
commercial entity ceases to operate on property within a county.
    (2)  Following notice as prescribed in section 31-710, Idaho Code, and
public hearings, the board of county commissioners of any county shall have
the authority to exempt from taxation the unused infrastructure of a business,
provided that the business states that such infrastructure is nonoperational
under penalty of perjury.
    (3)  The exemption shall be for a period of up to five (5) years, provided
that the board of county commissioners may vote to extend the exemption for a
period not exceeding five (5) additional years.
    (4)  The board of county commissioners shall publish in its minutes any
decision to grant or deny the exemption provided in this section and shall
notify the county assessor and state tax commission of any exemption and the
duration of such exemption. It shall be the responsibility of the assessor to
return the property valuation of the unused infrastructure to the tax rolls
upon the expiration of the exemption.
    (5)  The exemption provided in this section shall not be granted for any
portion of an operating public utility.
    (6)  As used in this section, "unused infrastructure" means installed
utilities including, but not limited to, rail, water, natural gas and
electrical lines.