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Eye On Boise

Tue., March 26, 2013, 4:50 p.m.

Senate takes up personal property tax bill

The Senate is now taking up HB 315, the personal property tax relief bill. Though this was highly controversial earlier in the session – when a much farther-reaching bill was proposed by IACI – this measure passed the House a week ago on a 67-2 vote and zipped unanimously through the Senate’s tax committee. The measure, like an earlier one first passed in 2008 but never implemented, exempts the first $100,000 in business equipment for each taxpayer, in each county, from the tax; the total cost to the state is about $20 million to make up the lost revenue to local governments and schools at current-year levels.

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Betsy Z. Russell
Betsy Z. Russell joined The Spokesman-Review in 1991. She currently is a reporter in the Boise Bureau covering Idaho state government and politics, and other news from Idaho's state capital.

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