1. (1) There is hereby created in the state treasury the tax relief fund to which shall be credited all moneys remitted from sections 63-3620F and 63-3638 , Idaho Code, from federal grants, donations, or any other source. Moneys in the fund are intended to fund future tax relief statutes enacted by the legislature and may be expended pursuant to appropriation. All interest earned on the investment of idle moneys in the fund shall be returned to the fund.
2. (2) For each fiscal year, no later than August 31, the state controller shall transfer fifty million dollars ($50,000,000) from the tax relief fund to the school district facilities fund established pursuant to section 33-911, Idaho Code. At the end of each fiscal year, the state controller shall transfer twenty percent (20%) of annual distributions to the tax relief fund to the school district facilities fund established pursuant to section 33-911, Idaho Code.
3. (3) At the end of each fiscal year, the state controller shall transfer thirty-nine million dollars ($39,000,000) from the tax relief fund to the state public defense fund established pursuant to section 57-827, Idaho Code.
4. (4) For each fiscal year, no later than August 31, the state controller shall transfer fifty million dollars ($50,000,000) from the tax relief fund to the homeowner property tax relief account established pursuant to section 63-724, Idaho Code.
5. (5) After the state controller makes all transfers in subsections (1), (2), (3), and (4) of this section, the state controller shall transfer the remaining balance of the tax relief fund or two hundred thirty-six million dollars ($236,000,000), whichever is less, to the general fund.

[57-811, added 2023, ch. 200, sec. 8, p. 545; am. 2024, ch. 237, sec. 25, p. 834; am. 2025, ch. 175, sec. 2, p. 826; am. 2025, ch. 302, sec. 7, p. 1293.]