Idaho counties float new personal property tax bill

Idaho counties float new personal property tax bill

Credit: KTVB

Idaho counties float new personal property tax bill

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by Associated Press

KTVB.COM

Posted on March 18, 2013 at 6:06 PM

Updated Sunday, Nov 10 at 3:13 PM

BOISE -- Counties introduced a new bill to repeal a portion of Idaho's personal property tax, part of a last-ditch push to pass something in the 2013 session's waning days.

The Idaho Association of Counties' measure unveiled Monday in the House Ways and Means Committee would exempt the first $100,000 in business equipment.

It's similar to the counties' bill from two weeks ago, but extends the break to railroads, utilities and pipeline companies with operating property.

The Idaho Association of Commerce and Industry has favored repealing the tax in stages through 2020.

The county bill would cost state taxpayers some $20 million, to replace revenue that local governments stand to lose.

The IACI proposal, meanwhile, runs about $120 million.

Only the counties' bill has a public hearing planned, Tuesday at 7:30 a.m.

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