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LEGISLATURE
OF
THE
STATE
OF
IDAHO
Sixty-eighth
Legislature
Second
Regular
Session
-
2026
IN
THE
HOUSE
OF
REPRESENTATIVES
HOUSE
BILL
NO.
551
BY
REVENUE
AND
TAXATION
COMMITTEE
AN
ACT
1
RELATING
TO
TAXATION;
AMENDING
SECTION
63
-
301A,
IDAHO
CODE,
TO
REVISE
A
PRO
-
2
VISION
REGARDING
THE
ASSESSMENT
OF
CERTAIN
PROPERTY;
AND
DECLARING
AN
3
EMERGENCY
AND
PROVIDING
RETROACTIVE
APPLICATION.
4
Be
It
Enacted
by
the
Legislature
of
the
State
of
Idaho:
5
SECTION
1.
That
Section
63
-
301A,
Idaho
Code,
be,
and
the
same
is
hereby
6
amended
to
read
as
follows:
7
63
-
301A.
NEW
CONSTRUCTION
ROLL.
(1)
The
county
assessor
shall
prepare
8
a
new
construction
roll,
which
shall
be
in
addition
to
the
property
roll,
9
which
new
construction
roll
shall
show:
10
(a)
The
name
of
the
taxpayer;
1
1
(b)
The
description
of
the
new
construction,
suitably
detailed
to
meet
12
the
requirements
of
the
individual
county;
13
(c)
The
amount
of
taxable
market
value
added
to
the
property
on
the
cur
-
14
rent
year's
property
roll
that
is
directly
the
result
of
new
construc
-
15
tion;
16
(d)
The
amount
of
taxable
market
value
added
as
provided
in
subsection
17
(3)(f)
of
this
section
as
a
result
of
dissolution
of
any
revenue
alloca
-
18
tion
area;
and
19
(e)
The
amount
of
taxable
market
value
to
be
deducted
to
reflect
the
ad
-
20
justments
required
in
this
paragraph:
21
(i)
Any
board
of
tax
appeals
or
court
-
ordered
value
change,
if
22
property
has
a
taxable
value
lower
than
that
shown
on
any
new
con
-
23
struction
roll
in
any
one
(1)
of
the
immediate
five
(5)
tax
years
24
preceding
the
current
tax
year;
25
(ii)
Any
reduction
in
value
resulting
from
correction
of
value
im
-
26
properly
included
on
any
previous
new
construction
roll
as
a
re
-
27
sult
of
double
or
otherwise
erroneous
assessment;
28
(iii)
Any
reduction
in
value
resulting
from
the
exemption
provided
29
in
section
63
-
602W(4),
Idaho
Code,
in
any
one
(1)
of
the
immediate
30
five
(5)
tax
years
preceding
the
current
tax
year;
and
31
(iv)
Any
voluntary
reduction
in
value
reflecting
a
portion
of
32
certain
homestead
exemptions
as
provided
in
section
63
-
602G(10),
33
Idaho
Code.
34
(2)
As
soon
as
possible,
but
in
any
event
by
no
later
than
the
first
Mon
-
35
day
in
June,
the
new
construction
roll
shall
be
certified
to
the
county
audi
-
36
tor
and
a
listing
showing
the
amount
of
value
on
the
new
construction
roll
in
37
each
taxing
district
or
unit
shall
be
forwarded
to
the
state
tax
commission
38
on
or
before
the
fourth
Monday
in
July.
Provided
however,
the
value
shown
39
in
subsection
(3)(e)
of
this
section
shall
be
reported
to
the
appropriate
40
county
auditor
by
the
state
tax
commission
by
the
third
Monday
in
July
and
the
41
value
sent
by
the
county
auditor
to
each
taxing
district.
The
value
estab
-
42
2
lished
pursuant
to
subsection
(3)(e)
of
this
section
is
subject
to
correc
-
1
tion
by
the
state
tax
commission
until
the
first
Monday
in
September,
and
any
2
such
corrections
shall
be
sent
to
the
appropriate
county
auditor,
who
shall
3
notify
any
affected
taxing
districts.
4
(3)
Except
as
otherwise
provided
in
this
subsection,
the
value
shown
on
5
the
new
construction
roll
shall
include
ninety
percent
(90%)
of
the
taxable
6
market
value
increase
from:
7
(a)
Construction
of
any
new
structure
that
previously
did
not
exist,
8
once
it
is
completed
and
taxable;
9
(b)
Additions
or
alterations
to
existing
nonresidential
structures;
10
(c)
Installation
of
new
or
used
manufactured
housing
that
did
not
pre
-
1
1
viously
exist
within
the
county;
12
(d)
Property
newly
taxable
as
a
result
of
loss
of
the
exemption
provided
13
by
section
63
-
602W(3)
or
(4),
Idaho
Code;
14
(e)
The
construction
of
any
improvement
or
installation
of
any
equip
-
15
ment
used
for
or
in
conjunction
with
the
generation
of
electricity
and
16
the
addition
of
any
improvement
or
equipment
intended
to
be
so
used,
ex
-
17
cept
property
that
has
a
value
allocated
or
apportioned
pursuant
to
sec
-
18
tion
63
-
405,
Idaho
Code,
or
that
is
owned
by
a
cooperative
or
municipal
-
19
ity
as
those
terms
are
defined
in
section
61
-
332A,
Idaho
Code,
or
that
20
is
owned
by
a
public
utility
as
that
term
is
defined
in
section
61
-
332A,
21
Idaho
Code,
owning
any
other
property
that
is
allocated
or
apportioned.
22
No
replacement
equipment
or
improvements
may
be
included;
23
(f)
Provided
such
increases
do
not
include
increases
already
reported
24
on
the
new
construction
roll
as
permitted
in
paragraphs
(i)
and
(j)
of
25
this
subsection,
increases
in
value
over
the
base
value
of
property
26
on
the
base
assessment
roll
within
an
urban
renewal
revenue
alloca
-
27
tion
area
that
has
been
terminated
pursuant
to
section
50
-
2914,
Idaho
28
Code,
to
the
extent
that
this
increment
exceeds
the
incremental
value
29
as
of
December
31,
2006,
or,
for
revenue
allocation
areas
formed
af
-
30
ter
December
31,
2006,
eighty
percent
(80%)
of
the
increment
value.
31
Notwithstanding
other
provisions
of
this
section,
the
new
construction
32
roll
shall
not
include
new
construction
located
within
an
urban
renewal
33
district's
revenue
allocation
area,
except
as
provided
in
this
para
-
34
graph
or
paragraph
(k)
of
this
subsection;
35
(g)
New
construction,
in
any
one
(1)
of
the
immediate
five
(5)
tax
years
36
preceding
the
current
tax
year,
allowable
but
never
included
on
a
new
37
construction
roll,
provided
however,
that
for
such
property
the
value
38
on
the
new
construction
roll
shall
reflect
the
taxable
value
that
would
39
have
been
included
on
the
new
construction
roll
for
the
first
year
in
40
which
the
property
should
have
been
included;
41
(h)
Formerly
exempt
improvements
on
state
college
-
owned
or
state
uni
-
42
versity
-
owned
land
for
student
dining,
housing,
or
other
education
-
re
-
43
lated
purposes
approved
by
the
state
board
of
education
and
board
of
44
regents
of
the
university
of
Idaho
as
proper
for
the
operation
of
such
45
state
college
or
university,
provided
such
improvements
were
never
in
-
46
cluded
on
any
previous
new
construction
roll;
47
(i)
Increases
in
base
value
when
due
to
previously
determined
incre
-
48
ment
value
added
to
the
base
value
as
required
in
sections
50
-
2903
and
49
50
-
2903A,
Idaho
Code,
due
to
a
modification
of
the
urban
renewal
plan.
50
3
In
this
case,
the
amount
added
to
the
new
construction
roll
will
equal
1
eighty
percent
(80%)
of
the
amount
by
which
the
increment
value
in
the
2
year
immediately
preceding
the
year
in
which
the
base
value
adjustment
3
described
in
this
subsection
occurs
exceeds
the
incremental
value
as
of
4
December
31,
2006,
or,
for
revenue
allocation
areas
formed
after
Decem
-
5
ber
31,
2006,
the
entire
increment
value;
and
6
(j)
Increases
in
base
value
when
due
to
previously
determined
incre
-
7
ment
value
added
to
the
base
value
as
a
result
of
a
de
-
annexation
within
8
a
revenue
allocation
area
as
defined
in
section
50
-
2903,
Idaho
Code.
9
In
this
case,
the
amount
added
to
the
new
construction
roll
will
equal
10
eighty
percent
(80%)
of
the
amount
by
which
the
increment
value
in
the
1
1
year
immediately
preceding
the
year
in
which
the
de
-
annexation
de
-
12
scribed
in
this
subsection
occurs
exceeds
the
incremental
value
as
of
13
December
31,
2006,
or,
for
revenue
allocation
areas
formed
after
Decem
-
14
ber
31,
2006,
the
entire
increment
value
within
the
area
subject
to
the
15
de
-
annexation.
16
(k)
In
the
case
of
a
fire
protection
district
or
ambulance
service
17
district
that
encompasses
all
or
part
of
any
urban
renewal
revenue
18
allocation
area
that
such
district
withdrew
from
pursuant
to
section
19
50
-
2906(5),
Idaho
Code,
eighty
percent
(80%)
of
the
increment
value
may
20
be
included
on
the
new
construction
roll
for
the
year
in
which
the
dis
-
21
trict
withdrew
from
such
urban
renewal
revenue
allocation
area.
Each
22
year
thereafter,
ninety
percent
(90%)
of
the
taxable
value
of
otherwise
23
qualifying
new
construction
shall
be
included
in
the
new
construction
24
roll
for
such
fire
protection
district
or
ambulance
service
district
25
and
for
fire
protection
districts
and
ambulance
service
districts
that
26
are
not
subject
to
the
financing
provisions
of
an
urban
renewal
revenue
27
allocation
area
pursuant
to
section
50
-
2906(4),
Idaho
Code
,
even
if
28
such
new
construction
would
not
otherwise
qualify
because
it
was
lo
-
29
cated
within
a
revenue
allocation
area.
30
(4)
The
amount
of
taxable
market
value
of
new
construction
shall
be
the
31
change
in
net
taxable
market
value
that
is
attributable
directly
to
the
new
32
construction
or
loss
of
the
exemption
provided
by
section
63
-
602W(3)
or
(4),
33
Idaho
Code.
It
shall
not
include
any
change
in
value
of
existing
property
34
that
is
due
to
external
market
forces
such
as
general
or
localized
inflation,
35
except
as
provided
in
subsection
(3)(f)
of
this
section.
36
(5)
The
amount
of
taxable
market
value
of
new
construction
shall
not
in
-
37
clude
any
new
construction
of
property
that
has
been
granted
a
provisional
38
property
tax
exemption,
pursuant
to
section
63
-
1305C,
Idaho
Code.
A
prop
-
39
erty
owner
may
apply
to
the
board
of
county
commissioners,
if
an
application
40
is
required
pursuant
to
section
63
-
602,
Idaho
Code,
for
an
exemption
from
41
property
tax
at
the
time
the
initial
building
permits
are
applied
for
or
at
42
the
time
construction
of
the
property
has
begun,
whichever
is
earlier,
or
at
43
any
time
thereafter.
44
(6)
The
amount
of
taxable
market
value
of
new
construction
shall
not
in
-
45
clude
any
new
construction
of
property
for
which
an
exemption
from
sales
and
46
use
tax
has
been
granted
pursuant
to
section
63
-
3622VV,
Idaho
Code.
47
SECTION
2.
An
emergency
existing
therefor,
which
emergency
is
hereby
48
declared
to
exist,
this
act
shall
be
in
full
force
and
effect
on
and
after
its
49
passage
and
approval,
and
retroactively
to
January
1,
2026.
50