Article VII — Finance And Revenue
18 sections · 0 paragraphs in this article.
Idaho Const. art. VII, § 1 Fiscal Year.
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The fiscal year shall commence on the second Monday of January in each year, unless otherwise provided by law.
Idaho Const. art. VII, § 2 Revenue To Be Provided By Taxation.
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The legislature shall provide such revenue as may be needful, by levying a tax by valuation, so that every person or corporation shall pay a tax in proportion to the value of his, her, or its property, except as in this article hereinafter otherwise provided. The legislature may …
Idaho Const. art. VII, § 3 Property To Be Defined And Classified.
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The word "property" as herein used shall be defined and classified by law.
Idaho Const. art. VII, § 4 Public Property Exempt From Taxation.
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The property of the United States, except when taxation thereof is authorized by the United States, the state, counties, towns, cities, villages, school districts, and other municipal corporations and public libraries shall be exempt from taxation; provided, however, that unimpro…
Idaho Const. art. VII, § 5 Taxes To Be Uniform — Exemptions.
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All taxes shall be uniform upon the same class of subjects within the territorial limits, of the authority levying the tax, and shall be levied and collected under general laws, which shall prescribe such regulations as shall secure a just valuation for taxation of all property, …
Idaho Const. art. VII, § 6 Municipal Corporations To Impose Their Own Taxes.
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The legislature shall not impose taxes for the purpose of any county, city, town, or other municipal corporation, but may by law invest in the corporate authorities thereof, respectively, the power to assess and collect taxes for all purposes of such corporation.
Idaho Const. art. VII, § 7 State Taxes To Be Paid In Full.
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All taxes levied for state purposes shall be paid into the state treasury, and no county, city, town, or other municipal corporation, the inhabitants thereof, nor the property therein, shall be released or discharged from their or its proportionate share of taxes to be levied for…
Idaho Const. art. VII, § 8 Corporate Property Must Be Taxed.
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The power to tax corporations or corporate property, both real and personal, shall never be relinquished or suspended, and all corporations in this state or doing business therein, shall be subject to taxation for state, county, school, municipal, and other purposes, on real and …
Idaho Const. art. VII, § 9 Maximum Rate Of Taxation.
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The rate of taxation of real and personal property for state purposes shall never exceed ten mills on each dollar of assessed valuation, unless a proposition to increase such rate, specifying the rate proposed and the time during which the same shall be levied, shall have been su…
Idaho Const. art. VII, § 10 Making Profit From Public Money Prohibited.
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The making of profit, directly or indirectly, out of state, county, city, town, township or school district money, or using the same for any purpose not authorized by law, by any public officer, shall be deemed a felony, and shall be punished as provided by law.
Idaho Const. art. VII, § 11 Expenditure Not To Exceed Appropriation.
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No appropriation shall be made, nor any expenditure authorized by the legislature, whereby the expenditure of the state during any fiscal year shall exceed the total tax then provided for by law, and applicable to such appropriation or expenditure, unless the legislature making s…
Idaho Const. art. VII, § 12 State Tax Commission, Members, Terms, Appointment, Vacancies, Duties, Power — County Boards Of Equalization, Duties.
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There shall be a state tax commission consisting of four members, not more than two of whom shall belong to the same political party. The members of said commission shall be appointed by the governor, by and with the consent of the senate; the first commission to consist of one c…
Idaho Const. art. VII, § 13 Money — How Drawn From Treasury.
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No money shall be drawn from the treasury, but in pursuance of appropriations made by law.
Idaho Const. art. VII, § 14 Money — How Drawn From County Treasuries.
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No money shall be drawn from the county treasuries except upon the warrant of a duly authorized officer, in such manner and form as shall be prescribed by the legislature.
Idaho Const. art. VII, § 15 Legislature To Provide System Of County Finance.
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The legislature shall provide by law, such a system of county finance, as shall cause the business of the several counties to be conducted on a cash basis. It shall also provide that whenever any county shall have any warrants outstanding and unpaid, for the payment of which ther…
Idaho Const. art. VII, § 16 Legislature To Pass Necessary Laws.
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The legislature shall pass all laws necessary to carry out the provisions of this article .
Idaho Const. art. VII, § 17 Gasoline Taxes And Motor Vehicle Registration Fees To Be Expended On Highways.
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On and after July 1, 1941 the proceeds from the imposition of any tax on gasoline and like motor vehicle fuels sold or used to propel motor vehicles upon the highways of this state and from any tax or fee for the registration of motor vehicles, in excess of the necessary costs of…
Idaho Const. art. VII, § 18 Idaho Millennium Permanent Endowment Fund — Idaho Millennium Income Fund — Idaho Millennium Fund.
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There is hereby created in the state treasury an Idaho Millennium Permanent Endowment Fund. The fund shall consist of eighty percent of the moneys received each year by the state of Idaho on and after January 1, 2007, pursuant to the master settlement agreement entered into betwe…