2014 Idaho Statutes
Title 63 - REVENUE AND TAXATION
Chapter 6 - EXEMPTIONS FROM TAXATION
Section 63-602BB - PARTIAL EXEMPTION FOR REMEDIATED LAND.
(2) "Remediated value" shall mean market value for assessment purposes of the land on January 1, less the market value for assessment purposes of the land on the January 1 prior to the year in which the remediation was completed.
(3) The exemption shall amount to fifty percent (50%) of the remediated land value. The exempted value assessed under this formula shall remain constant throughout the period of the exemption.
(4) The exemption allowed by this section may be granted only if:
(5) The exemption allowed by this section may be rescinded if:
(6) The owner need only make application for the exemption described in this section once over the course of the seven (7) year period.
(7) No owner of a site shall be granted the exemption provided in this section if said site has been:
(8) The legislature declares this exemption to be necessary and just.
History:
[63-602BB, added 1997, ch. 117, sec. 21, p. 321.]
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