Idaho 2020 Session Status: Introduced
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H 590 — PROPERTY ASSESSMENT – Amends existing law to revise provisions regarding the method of determining market value of property for assessment purposes.

Last action — Reported Printed and Referred to Revenue & Taxation

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  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2020 Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

How this bill changes current law

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AI-generated reading aid from the bill's amendatory text — verify against the official bill.

This bill amends existing law to revise the method of determining market value for property assessments in Idaho.

  • Section 63-208

    provided, that the actual and functional use shall be a major consideration when determining market value for assessment purposes.

    Removes the specification that actual and functional use is a major consideration in determining market value.

  • Section 63-208

    The cost approach appraisal method shall establish the maximum market value for assessment purposes of the property.

    Eliminates the requirement that the cost approach establishes the maximum market value for assessments.

  • Section 63-208

    Costs to be excluded include entrepreneurial or developer profit incentive, marketing costs, lease-up costs, off-site costs, or any other costs that do not represent the actual costs of acquiring, designing, engineering, permitting, and constructing the property.

    Removes the specific exclusions of certain costs from the valuation process.

  • Section 63-208

    No value increment shall be included in any valuation approach for any lease, franchise, or contract.

    Cancels the restriction on including value increments for leases, franchises, or contracts in property evaluations.

  • Section 63-208

    To maximize uniformity and equity in assessment of different categories of property, such rules shall, to the extent practical, require the use of reproduction or replacement cost less depreciation as opposed to historic cost less depreciation whenever whether cost is considered as a single or one (1) of several factors in establishing the market value of depreciable property.

    Removes the requirement to prioritize reproduction or replacement cost less depreciation over historic cost in assessments.

Action History

  1. Reported Printed and Referred to Revenue & Taxation

  2. Introduced, read first time, referred to JRA for Printing

Sponsors

  • REVENUE AND TAXATION COMMITTEE · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 104 not signed on

Sponsors (1)

  • REVENUE AND TAXATION COMMITTEE

Co-sponsors (0)

None.

Not signed on (104)

104 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

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Frequently asked questions

Who sponsors H 590?
H 590 is sponsored by REVENUE AND TAXATION COMMITTEE.
What is the current status of H 590?
This bill died with 2020 Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track H 590?
Track H 590 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 2 months ago · updated continuously

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