House Rev & Tax members are chortling over how they got Rep. Dell Raybould, R-Rexburg, to make the motion this morning to introduce a property tax reform bill that closes a tax loophole for developers and land speculators. The loophole opened after Raybould originally brought legislation designed to help farmers, and his bill got off track, was amended, and morphed into the loophole. Attempts to fix it made it worse, to the point that now, owners of million-dollar resort lots at the new Tamarack Resort are paying just pennies in property taxes – and their neighbors are picking up the difference. Raybould’s been none too happy with the mess. As the committee this morning made motions to introduce 12 property tax bills, one after the other, they came to the one from an interim committee to close that loophole. There was a pause, and everyone looked at Raybould. Then he made the motion, and the bill was introduced.
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