Eye On Boise

Idaho Senate passes property tax break for developers, sends to gov

Here's a news item from the Associated Press: BOISE, Idaho (AP) — Land developers whose grand designs for their properties were thwarted by the recession could soon win tax relief. The Senate voted 28-7 Tuesday for the measure, HB 519, which would exempt the value of improvements to properties until the construction of homes or buildings begins — or the developer unloads the parcel to somebody else. The measure has cleared the House and is now destined for Gov. C.L. "Butch" Otter's desk. Advocates including Sen. Lee Heider of Twin Falls described the bill as an economic relief effort, to help hard-hit developers carry their inventory until their fortune changes. Foes, however, feared the bill could undermine revenue to local governments that rely on property taxes. Sen. Joyce Broadsword of Sagle told colleagues she'd heard from multiple county assessors who had concerns about the bill.




You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus
« Back to Eye On Boise


Betsy Z. Russell





Close

Sections


Profile

Close

Contact the Spokesman

Main switchboard:
(509) 459-5000
(800) 338-8801
Newsroom:
(509) 459-5400
(800) 789-0029
Customer service:
(800) 338-8801