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H 420

An act relating to tax increment financing for flood-impacted communities

2025-2026 Regular Session Introduced by Dave Bosch and 4 co-sponsors

Idaho HB 420 authorizes a one-time $9,900 General Fund appropriation to the STEM Action Center for capital outlay in FY2026, effective July 1, 2025.

Rep. Kornheiser of Brattleboro moved that the Committee on Ways and Means be relieved of the bill and that the same be committed to the Committee on Commerce and Economic Development, which was agreed to
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Bill Summary · H 420

Bill Summary — H 420

Note up front: the materials provided for “H 420” contain inconsistent items from different states and subjects. The official bill text and fiscal note included below correspond to Idaho House Bill No. 420 (2025) — an appropriation to the Idaho STEM Action Center — and not to the title you supplied (“tax increment financing for flood-impacted communities”). There is also unrelated Massachusetts House Docket material (House No. 420) about occupational licensing. This summary focuses on the Idaho HB 420 content actually present in the documents and highlights the inconsistencies.

Main purpose / intent

Idaho HB 420 provides a small, one‑time General Fund appropriation to the Idaho STEM Action Center for capital outlay in fiscal year 2026 and declares an emergency to make the act effective July 1, 2025.

Key provisions

  • Appropriation: $9,900 from the General Fund to the STEM Action Center for capital outlay.
  • Period covered: July 1, 2025 through June 30, 2026 (FY 2026).
  • One‑time funding: the fiscal note treats the $9,900 as a one‑time enhancement to the FY 2026 maintenance budget.
  • Emergency clause: declares an emergency so the act is in full force and effect on and after July 1, 2025.

Fiscal impact (from the fiscal note)

  • Additional General Fund: $9,900 (one‑time).
  • Effect on STEM Action Center budget: increases FY 2026 total appropriation to $6,277,000 (a net increase of $67,900 from FY 2025 original appropriation when combined with other adjustments shown in the fiscal note).
  • Percent changes reported: the $9,900 enhancement equals about a 0.3% increase to the agency’s General Fund maintenance line and about 0.2% of the total FY 2026 appropriations enhancement shown in the table.
  • Full‑time positions (FTP): unchanged at 8.00 FTP.

Who is affected

  • Directly: Idaho STEM Action Center — small, one‑time capital outlay funding.
  • Budgetary impact: minimal on the State General Fund (one‑time $9,900).
  • No changes to program structure, staffing, eligibility, or regulatory authority are made by this bill.

Procedural / timeline notes

  • Idaho legislative actions in the materials show the bill was passed by the legislature, delivered to the Governor (3/31/2025), signed (reported signed 4/2/2025), and listed as effective 7/1/2025 (Session Law Chapter 262).
  • The documents also include an unrelated procedural note (Rep. Kornheiser of Brattleboro moving committee reassignment) suggesting materials from another jurisdiction (Vermont) were mixed in.

Important caveat and recommendation

  • The user-supplied bill title (“tax increment financing for flood‑impacted communities”) does not match the Idaho HB 420 text and fiscal note included here. If you intended to summarize a different H 420 (e.g., a bill about tax increment financing, or a bill from another state such as Vermont or Massachusetts), please provide the correct bill text or clarify the jurisdiction so I can produce an accurate summary of that legislation.

Compiled from official sources — confirm details with the bill’s official record.

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