2005 Idaho Code - 63-705 — PUBLICATION OF CHANGES IN INCOME LIMITATIONS AND PROPERTY TAX REDUCTION AMOUNTS

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 7
                             PROPERTY TAX RELIEF
    63-705.  PUBLICATION OF CHANGES IN INCOME LIMITATIONS AND PROPERTY TAX
REDUCTION AMOUNTS. (1) The state tax commission shall publish adjustments to
the income limitations, which shall be the greater of: (a) an individual's
income as defined in section 63-701, Idaho Code, of not more than twenty-eight
thousand dollars ($28,000) per household for  tax year 2006, and each tax year
thereafter; or (b) one hundred eighty-five percent (185%) of the federal
poverty guidelines for a household of two (2) for tax year 2006, and each tax
year thereafter. The lowest limitation shall allow a maximum reduction of one
thousand three hundred twenty dollars ($1,320) in tax year 2006 and
thereafter, or actual property taxes, whichever is less. Each income
limitation and reduction amount shall be prorated based on the basic maximum
reduction, in practicable increments so that the highest income limitation
will provide for a reduction of one hundred fifty dollars ($150), or actual
property taxes, whichever is less.
    (2)  The tax commission shall publish the adjustments required by this
section each and every year the secretary of health and human services
announces said cost-of-living modification. The adjustments shall be published
no later than October 1 of each such year and shall be effective for claims
filed in and for the following property tax year.
    (3)  The publication of adjustments under this section shall be exempt
from the provisions of chapter 52, title 67, Idaho Code, but shall be provided
to each county and to members of the public upon request and without charge.