{"id":16049,"date":"2013-03-04T17:02:13","date_gmt":"2013-03-05T00:02:13","guid":{"rendered":"http:\/\/stateimpact.npr.org\/idaho\/?p=16049"},"modified":"2013-03-04T18:16:12","modified_gmt":"2013-03-05T01:16:12","slug":"a-twist-in-the-legislatures-nascent-personal-property-tax-discussion","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/idaho\/2013\/03\/04\/a-twist-in-the-legislatures-nascent-personal-property-tax-discussion\/","title":{"rendered":"A Twist In The Legislature’s Nascent Personal Property Tax Discussion"},"content":{"rendered":"
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Idaho Legislature<\/p>

Former state representative Dennis Lake is a past chairman of the House Revenue and Taxation Committee.<\/p><\/div>\n

In absence of a bill, the Idaho Legislature’s personal property tax<\/a> discussion has played out behind closed doors so far this session. But former Representative Dennis Lake introduced a twist today when he went before his old committee to suggest a simple change to the definition of real and personal property<\/a>.<\/p>\n

Lake’s bill would narrow the definition of personal property, a change that would blunt the effect of the business personal property tax exemption sought by business interests<\/a> and Gov. C.L. “Butch” Otter.<\/p>\n

“With the definitions we’re working under right now, the only thing that’s taxed as real property is the land, buildings, and some fixtures, such as air conditioning and heating, that’s in the building,” Lake explained as he presented his bill to the House Revenue and Taxation Committee. “But everything else — lights, electrical — is being treated as personal property.”\u00a0 <\/p>\n

Lake’s bill<\/a> proposes that “machinery, equipment or other articles that are affixed to real property to enable the proper utilization of such articles” now be considered “fixtures,” and be assessed as real, not personal, property.<\/p>\n

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