Idaho Code — Title 63 (Revenue and Taxation)

Idaho Code § 63-1608

Lapse of unused credit

Official textlegislature.idaho.govlast amended
63-1608.  If for any reason during the impact period the taxpayer should cease business operations and the credits accumulated for prepaid ad valorem taxes have not been completely set off against taxes due, the balance of the unused credit shall be forfeited, and the county and taxing districts shall be under no obligation to pay off the unused credits.
Amendment history

63-1608, added 1980, ch. 226, sec. 1, p. 507.

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In this chapter (8 sections)
  1. 63-1601 · Declaration of intent
  2. 63-1602 · Petition for permission to prepay taxes
  3. 63-1603 · Hearing and order
  4. 63-1604 · Local impact committee
  5. 63-1605 · Local impact fund
  6. 63-1606 · Prepayment optional
  7. 63-1607 · Credit for prepaid taxes
  8. 63-1608 · Lapse of unused credit
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