63-1608. LAPSE OF UNUSED CREDIT. 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.
History:
[63-1608, added 1980, ch. 226, sec. 1, p. 507.]
Structure Idaho Code
Title 63 - REVENUE AND TAXATION
Chapter 16 - PREPAYMENT OF TAXES
Section 63-1601 - DECLARATION OF INTENT.
Section 63-1602 - PETITION FOR PERMISSION TO PREPAY TAXES.
Section 63-1603 - HEARING AND ORDER.
Section 63-1604 - LOCAL IMPACT COMMITTEE.
Section 63-1605 - LOCAL IMPACT FUND.
Section 63-1606 - PREPAYMENT OPTIONAL.