2005 Idaho Code - 63-1607 — CREDIT FOR PREPAID TAXES

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 16
                             PREPAYMENT OF TAXES
    63-1607.  CREDIT FOR PREPAID TAXES. During the last one-half (1/2) of the
impact period and for not to exceed three (3) years thereafter, each taxpayer
who has prepaid taxes shall be allowed a credit for such taxes paid during the
first one-half (1/2) of the impact period. The credit shall be allowed against
the actual taxes assessed to the taxpayer by the taxing district which
received prepaid taxes from the local impact fund, and shall be calculated to
provide an approximately equal credit during each year that the credit is
allowed. Any extension of time during which the credit may be allowed shall
require the approval of the local impact committee.