Bringing the Economy Home

What Happens If Idaho Trades Personal Property Tax For Sales Tax

According to research from the Environmental Finance Center, some counties would have to charge a great deal of sales tax to make up for losing revenue from the personal property tax. In Power County, the report says, the sales tax rate would have to jump to 27 percent.

Almost a dozen counties would need to increase their sales tax rates to 8 or 10 percent. But in the case of Power County, widely reported as the county most dependent on personal property tax, sales tax would need to rise to 27 cents on the dollar to make up for the loss.

Read more at:

About StateImpact

StateImpact seeks to inform and engage local communities with broadcast and online news focused on how state government decisions affect your lives.
Learn More »