Section 63-718 - EVENTS TERMINATING DEFERRAL - PAYMENT OF DEFERRED TAX AND INTEREST(1) A deferral of property tax payments shall terminate on the earlier of: (a) Voluntary payment of the full amount of deferred tax and interest to the state tax commission;(b) The death of the qualified claimant or if there is more than one (1) qualified claimant, the death of the last surviving qualified claimant;(c) A sale or other transfer of title to the property or any part of the property except a transfer of title to a surviving spouse of a deceased qualified claimant;(d) The property no longer qualifies for the exemption provided in section 63-602G, Idaho Code, for residential improvements;(e) A determination by the state tax commission under section 63-720, Idaho Code, that the deferral of property tax payments was erroneously granted to a person who is not a qualified claimant or in regard to property that is not qualified property.(2) When a deferral of property tax is terminated any unpaid amount of deferred tax and interest shall be paid to the state tax commission no later than one hundred eighty (180) days after the termination.(3) Any payments of deferred property tax received by the state tax commission under this section or under sections 63-719 and 63-720, Idaho Code, shall be distributed to the property tax deferral recovery fund which is hereby created. Amounts in the property tax deferral recovery fund are hereby continuously appropriated for the purposes of section 63-3638(5), Idaho Code.[63-718, added 2006, ch. 234, sec. 1, p. 696; am. 2013, ch. 22, sec. 3, p. 43.]Amended by 2013 Session Laws, ch. 22,sec. 3, eff. 1/1/2013 (retroactive).