Second personal property tax bill up Friday

On Thursday, local governments and education groups had their turn before the House Revenue and Taxation Committee.

Alex LaBeau
Alex LaBeau, Idaho Association of Commerce and Industry

On Friday, a prominent business lobbying group will get its turn.

The Idaho Association of Commerce and Industry will present its bill to repeal the personal property tax — an unpopular tax on business supplies and equipment. According to the Associated Press, IACI is working on an ambitious repeal bill with a $120 million price tag.

Local governments are pushing a bill that would exempt $100,000 of personal property tax for every business. This is $18 million to $19 million tax cut. The Idaho Association of School Administrators and the Idaho School Boards Association support this bill.

Here’s a link to our story from Thursday’s committee meeting, and a link to my Personal Property Tax 101 blog post on the tax and its impact on schools.