Idaho counties tout personal property tax relief plan

Idaho counties tout personal property tax relief plan

Idaho counties tout personal property tax relief plan

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by Associated Press

KTVB.COM

Posted on March 7, 2013 at 12:08 PM

Updated Thursday, Mar 7 at 1:20 PM

BOISE -- Counties aim to dump Idaho's personal property tax for 90 percent of businesses this year, according to a bill introduced in the House.

The Idaho Association of Counties' proposal, with its initial Revenue and Taxation Committee vetting Thursday, comes ahead of the planned unveiling of industry's competing proposal Friday.

Counties lobbyist Seth Grigg said its plan exempts the first $100,000 in personal property from taxation. The state would cover $20 million to replace revenue local governments stand to lose.

Meanwhile, the Idaho Association of Commerce and Industry's proposal would cut $120 million of the $141 million tax by 2020.

Association president Alex LaBeau called the county's version "terrible policy" because it helps small businesses while neglecting large companies.

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