US Laws, Codes, Statutes & Cases

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 7
                             PROPERTY TAX RELIEF
    63-718.  EVENTS TERMINATING DEFERRAL -- PAYMENT OF DEFERRED TAX AND
INTEREST. (1) A deferral of property tax payments shall terminate on the
earlier of:
    (a)  Voluntary payment of the full amount of deferred tax and interest to
    the state tax commission;
    (b)  The death of the qualified claimant. In the case of more than one (1)
    qualified claimant, the death of the last surviving qualified claimant;
    (c)  A sale or other transfer of title to the property or any part of the
    property except a transfer of title to a surviving spouse of a deceased
    qualified claimant;
    (d)  The property no longer qualifies for the exemption provided in
    section 63-602G, Idaho Code, for residential improvements;
    (e)  A determination by the state tax commission under section 63-720,
    Idaho Code, that the deferral of property tax payments was erroneously
    granted to a person who is not a qualified claimant or in regard to
    property that is not qualified property.
    (2)  When a deferral of property tax is terminated any unpaid amount of
deferred tax and interest shall be paid to the state tax commission no later
than one hundred eighty (180) days after the termination.
    (3)  Any payments of deferred property tax received by the state tax
commission under this section or under sections 63-719 and 63-720, Idaho Code,
shall be distributed to the property tax deferral recovery fund which is
hereby created. Amounts in the property tax deferral recovery fund are hereby
continuously appropriated for the purposes of section 63-3638(5), Idaho Code.