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Personal Property Tax
Mon December 10, 2012
Idaho County And City Leaders Brace For Personal Property Tax Debate
Governor C.L. “Butch” Otter and prominent state legislators have lined up behind the idea of eliminating or scaling back Idaho’s personal property tax. The issue was high on the agenda as local government leaders came together at an Association of Idaho Cities meeting on Friday.
Nearly all property tax dollars collected in Idaho are collected and spent by local governments. The business personal property tax brings in roughly 10 percent of total property tax collections, sending about $140 million to local taxing districts each year.
Given that, it’s a small wonder that elected officials from cities and counties are crying foul at the notion that state lawmakers might do away with the tax. Click here to continue reading...