IDAPA 35.01.03.628 — PARTIAL EXEMPTION FOR REMEDIATED LAND

Sections 63-602BB, 39-7203, 39-7204, 39-7207, Idaho Code
01.
Definitions.
(7-1-24)
a.
The application for partial exemption is the form, provided by the Tax Commission, available from
the Tax Commission or the county assessor and used to apply for the exemption provided by Section 63-602BB,
Idaho Code.
(7-1-24)
b.
The certificate of completion is the document issued by the Department of Environmental Quality
after the successful completion of a voluntary remediation work plan pursuant to Section 39-7207(1), Idaho Code.
The person receiving the "certificate of completion" will record a copy of the "certificate of completion" with the
deed for the "site" on which the remediation took place pursuant to Section 39-7207(2), Idaho Code.
(7-1-24)
c.
The covenant not to sue is the document issued by the Department of Environmental Quality
pursuant to Section 39-7207(4), Idaho Code, upon request from a person receiving the "certificate of completion."
(7-1-24)
d.
The qualifying owner is the entity identified as the owner on the deed to the property at the time the
"certificate of completion" is issued by the Department of Environmental Quality.
(7-1-24)
e.
The remediated land is the "site" on which the remediation, as defined in Section 39-7203(7), Idaho
Code, has been completed.
(7-1-24)
IDAHO ADMINISTRATIVE CODE
IDAPA 35.01.03
State Tax Commission
Property Tax Administrative Rules
Section 629
Page 54
f.
The remediated land value is the market value for assessment purposes of the land on January 1 of
the year following the issuance of the certification of completion (after remediation) less the market value for
assessment purposes of the land on January 1 prior to the issuance of the certification of completion (before
remediation).
(7-1-24)
g.
A site is a parcel of real estate for which an application has been submitted under Section 39-7204,
Idaho Code. The site is that parcel identified on the application as described in IDAPA 58.01.18, "Idaho Land
Remediation Rules," including the assessor's parcel numbers(s) and on the voluntary remediation work plan as
described in IDAPA 58.01.18, Section 022.
(7-1-24)
02.
Procedures to Qualify for the Exemption. The "qualifying owner," or agent thereof, must
complete the following procedures for the "site" to qualify for the exemption.
(7-1-24)
a.
Obtain and complete the application for partial exemption.
(7-1-24)
b.
Submit the application for partial exemption and copies of the certificate of completion and the
covenant not to sue to the county assessor of the county in which the site is located.
(7-1-24)
c.
File the application for partial exemption with the county assessor on or before March 15 of the
year for which the exemption is claimed. The application for partial exemption must be filed only once, during the
first year of seven (7) year exemption period.
(7-1-24)