The Idaho State Tax Commission has published a comprehensive report detailing the state’s personal property tax. The 51-page report offers a clear picture of just how reliant some city and county governments have become on the business equipment tax.
The report is significant, since many lawmakers say the coming legislative session will include heavy debate of whether the state should begin scaling back the tax or phasing it out.
The Tax Commission’s report shows the personal property tax is expected to bring in almost $141 million in 2012.
You can read much more about Idaho’s personal property tax, including arguments for and against getting rid of the tax, right here.