Idaho counties tout personal property tax relief plan
BOISE, Idaho (AP) -- Counties aim to dump Idaho's personal property tax for 90 percent of businesses this year, according to a bill introduced in the House.
The Idaho Association of Counties' proposal, with its initial Revenue and Taxation Committee vetting Thursday, comes a day ahead of the planned unveiling of industry's competing proposal.
Seth Grigg, the county's lobbyist, said its plan exempts the first $100,000 in personal property from taxation. The state would cover $20 million to replace revenue counties stand to lose.
Meanwhile, the Idaho Association of Commerce and Industry's proposal would cut $120 million of the $141 million tax by 2020.
Alex LaBeau, its president, set the stage for a tough fight Thursday after the hearing, calling the county's version "terrible policy" because it helps small businesses while neglecting large companies.