Distribution of moneys collected
Revenues received from the taxes imposed by this chapter, and any revenues
received from licenses, permits, penalties, interest, or deficiency additions,
shall be distributed by the state tax commission as follows:
(a) An amount of money shall be distributed to the state refund account sufficient
to pay current refund claims. All refunds authorized under this chapter
by the state tax commission shall be paid through the state refund account,
and those moneys are continuously appropriated.
(b) On and after July 1, 2014, the balance remaining with the state treasurer
after deducting the amount described in subsection (a) of this section
shall be distributed as follows:
(1) Five million dollars ($ 5,000,000) shall be distributed to the permanent
building fund created by
section 57-1108, Idaho Code.
(2) One hundred twenty thousand dollars ($ 120,000) shall be distributed to
the central cancer registry fund and is subject to appropriation as provided
for in chapter 35, title 67, Idaho Code.
(3) Three hundred thousand dollars ($ 300,000) shall be distributed to the
cancer control fund created by
section 57-1702, Idaho Code, and is subject to appropriation as provided for in chapter 35, title
67, Idaho Code.
(4) An amount equal to the annual general fund appropriation for bond levy
equalization, less the amount distributed under
section 67-7434(1), Idaho Code, if applicable, pursuant to
section 33-906, Idaho Code, shall be annually distributed to the general fund.
(5) All remaining moneys shall be distributed as follows: For fiscal years
on and after July 1, 2006, all moneys shall be distributed to the permanent
building fund with the moneys to be used for the repair, remodel and restoration
of the state capitol building and state facilities pertaining to the capitol
restoration until such time as the capitol restoration is adequately funded
as certified by the director of the department of administration. Thereafter,
all remaining moneys shall be distributed in the following priority order:
(i) Four million seven hundred thousand dollars ($ 4,700,000) to be used for
the purpose of paying the state match as required for federal funds committed
to pay the annual scheduled GARVEE debt service until such time as the
Idaho housing and finance association certifies that any such bonds or
notes are adequately paid for, in accordance with chapter 62, title 67,
(ii) Five million dollars ($ 5,000,000) to the secondary aquifer planning,
management and implementation fund as established in
section 42-1780, Idaho Code. Such moneys shall be used for statewide aquifer stabilization; and
(iii) All remaining moneys following distributions pursuant to subparagraphs
(i) and (ii) of this paragraph shall be distributed to the transportation
expansion and congestion mitigation fund established in
section 40-720, Idaho Code.