Property Tax Relief Act of 2006
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The Property Tax Relief Act of 2006 is legislation proposed by Idaho governor Jim Risch to be addressed in a special session, or extraordinary session, of the Idaho legislature on August 25, 2006. If enacted, this legislation would do the following:
-Reduce property taxes by $260 million by eliminating the public schools maintenance and operation levy on Idaho real property
-Raise the Idaho sales tax by one cent, making the sales tax six percent, effective October 1, 2006
-Place $100 million into the Public Education Stabilization Fund; and
-Place an advisory question on the November general election ballot asking Idaho voters if they agree with the property tax relief adopted by the legislature in August
