With the business lobby IACI pushing hard for elimination of the personal property tax on business property and many lawmakers talking about it as the 2013 legislative session approaches, the Idaho State Tax Commission has released its first-ever comprehensive analysis of the tax in Idaho. The 51-page analysis concludes that total personal property tax collected in Idaho in 2012 was $140.9 million; that’s then broken down into great detail, by type of taxing district, operating property and more. “The percentages and categories identified as personal property in this analysis should not be construed as any type of policy statement,” wrote Alan Dornfest, property tax policy supervisor for the Tax Commission.
Instead, the analysis, developed with “a lot of cooperation and help from the counties,” Dornfest said, is being made available as a tool for policy makers as they consider related issues. You can see the full study here.