Idaho Capitol Watch
HB 842: BUDGET LIMITS – Amends existing law to revise provisions regarding certain limitations of budget requests by taxing district and to provide certain exceptions to such limits.
Revises Idaho Code §63-802 to adjust property tax budget growth limits for taxing districts, increasing the cap to 15% for small cities (<30k pop) and related districts, raises forgone increase recovery from 1% to 2%, changes new construction calculation method, limits future forgone balance accumulation post-2026, and adds voter initiative for base budget reductions. Also corrects §31-1423 reference. Emergency clause with retroactive application to Jan 1, 2026.
Status
Failed Third Reading (House) (March 23, 2026) · Originated in the Idaho House · Introduced March 6, 2026
Sponsors
- REVENUE AND TAXATION COMMITTEE
Committees
- JRA for Printing
Bill history
- March 6, 2026 — House: Introduced, read first time, referred to JRA for Printing
- March 9, 2026 — House: Reported Printed and Referred to Revenue & Taxation
- March 19, 2026 — House: Reported out of Committee with Do Pass Recommendation, Filed for Second Reading (do_pass)
- March 20, 2026 — House: Read second time; Filed for Third Reading
- March 23, 2026 — House: Read Third Time in Full – FAILED - 28-41-1AYES – Alfieri, Barbieri, Burgoyne, Cannon, Cornilles, Crane(12), Crane(13), Dygert, Ehardt, Ehlers, Erickson, Gannon, Healey, Hill, Holtzclaw, Miller, Mitche (failed)
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