A second and much-anticipated personal property tax repeal bill was unveiled Friday. And on Tuesday, the House Revenue and Taxation Committee will start sorting out the competing proposals to eliminate this unpopular tax on business equipment, supplies and machinery. Alex LaBeau, Idaho Association of Commerce and Industry. Revenue and Taxation introduced a $120 million repeal bill authored by the Idaho Association of Commerce and Industry, an influential lobbying group representing some of Idaho’s largest employers. The IACI bill would eliminate the tax over seven years, and fully reimburse schools and all local governments — for now, but not in the future. Public schools have a $38.6 million stake in the repeal of the personal property tax, according to 2012 State Tax Commission estimates/Kevin Richert, IdahoED News. More here.

Question: Are you paying attention to these bills, since they could have a devastating impact on school/local government funding?