Idaho Senate approves property tax relief bill, bringing tax cuts to $400 million this year
BOISE — The Idaho Senate on Monday approved a bill that puts $100 million toward lowering property tax bills. The bill heads to the governor and will bring the total of tax relief bills passed this session to more than $400 million.
Senators unanimously approved House Bill 304, which puts $50 million in an existing School Facilities Fund — which is then distributed to school districts based on average daily attendance for use to pay off bonds and levies — and another $50 million to a Tax Relief Fund — which goes toward reducing property tax bills on owner-occupied homes.
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