Personal Property Tax
9:59 am
Mon December 10, 2012

Idaho County And City Leaders Brace For Personal Property Tax Debate

Alex LaBeau
The Idaho Association of Commerce and Industry's Alex LaBeau is the face of the effort to eliminate Idaho's personal property tax.
Credit Idaho Statesman

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...