US Laws, Codes, Statutes & Cases

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 7
                             PROPERTY TAX RELIEF
    63-717.  REIMBURSEMENT BY STATE TAX COMMISSION. (1) By no later than
December 20 of each year, the state tax commission shall pay to the county tax
collector of each county one-half (1/2) of the amount due each county as
reimbursement for property taxes deferred as provided in sections 63-712
through 63-721, Idaho Code, as shown on the property tax reduction roll
required under section 63-707, Idaho Code, as modified by actions of the state
tax commission relating to claims approved or disapproved by the state tax
commission, and shall pay the second one-half (1/2) of such amount by not
later than June 20 of the following year. The payments may be combined with
payments made under section 63-709, Idaho Code.
    (2)  The total amount of reimbursement payable to all counties under this
section shall not exceed five hundred thousand dollars ($500,000) in regard to
property taxes  for one (1) calendar year. In the event that the amount of
taxes approved for deferral exceeds five hundred thousand dollars ($500,000),
the amount of taxes deferred for each qualifying property shall be reduced
proportionately and the balance of property tax not deferred shall be entered
on the property tax notice required by section 63-902, Idaho Code, and shall
be payable as required by chapter 9, title 63, Idaho Code.