Section 63-1603 - HEARING AND ORDER(1) On receipt of a petition from a taxpayer pursuant to section 63-1602, Idaho Code, the board of county commissioners shall: (a) Within five (5) days of receipt of such petition, forward a copy of the petition to the chairman of the governing board of each taxing district in which any part of the property of the taxpayer is or will be situated during the term of the impact period; and(b) Within thirty (30) days of receipt of such petition hold one or more public hearings at which the taxpayer, all taxing districts to which the petition was forwarded, and interested persons may appear and be heard relative to the impact on public facilities in such county and the matters contained in the taxpayer's petition.(2) Within fifteen (15) days after the close of the hearings, the board shall enter an order either granting or denying the petition. (a) If the petition is denied, the taxpayer may not reapply or file a new petition until the start of the next tax year.(b) If the petition is granted, the board shall enter an order declaring: (i) That the taxpayer intends to engage in or is engaged in new business operations in the county and that such operations will have an impact on public facilities in the county;(ii) That the taxpayer has or will have taxable property in the county and taxing districts during the term of the impact period;(iii) That the taxpayer be allowed to prepay a portion, but not to exceed fifty percent (50%) of the estimated ad valorem taxes that will accrue during the term of the impact period, and receive ad valorem tax credits for such prepaid taxes, in accordance with the provisions of this chapter; and(iv) That a local impact committee be created.[63-1603, added 1980, ch. 226, sec. 1, p. 506.]