{"id":16249,"date":"2013-03-13T15:25:01","date_gmt":"2013-03-13T21:25:01","guid":{"rendered":"http:\/\/stateimpact.npr.org\/idaho\/?p=16249"},"modified":"2013-03-13T17:18:00","modified_gmt":"2013-03-13T23:18:00","slug":"top-lawmakers-agree-theres-no-consensus-on-personal-property-tax","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/idaho\/2013\/03\/13\/top-lawmakers-agree-theres-no-consensus-on-personal-property-tax\/","title":{"rendered":"Updated: Top Lawmakers Agree There’s No Consensus On Personal Property Tax"},"content":{"rendered":"
\"\"<\/a>

Molly Messick \/ StateImpact Idaho<\/p>

House Speaker Scott Bedke said Tuesday that he doesn't think there's "broad-based resolution" on how the Legislature should address the personal property tax.<\/p><\/div>\n

UPDATE:<\/strong> The competing personal property tax bills that were introduced last week have both been removed from Thursday’s agenda.<\/p>\n

Times-News<\/em> reporter Melissa Davlin reports that the Idaho Association of Commerce and Industry will introduce a third personal property tax bill on Friday.<\/p>\n

Originally, committee chairman Gary Collins, R-Nampa, said he intended to hold a vote on the two bills on Thursday. Rep. Stephen Hartgen, R-Twin Falls, said he wasn\u2019t sure why Collins didn\u2019t put the bills on the agenda.<\/p>\n

\u201cMy guess is there still needs to be discussion as to what amendments, if any, might be put forward,\u201d Hartgen said.<\/p>\n

Hartgen didn\u2019t have exact details, but speculated both bills might see changes.<\/p>\n

Collins wasn\u2019t immediately available for comment. – Times-News<\/p><\/blockquote>\n

ORIGINAL POST:<\/strong> It’s one of the most-watched issues of the 2013 session, but Idaho’s legislative leaders aren’t sure lawmakers will eliminate or partially eliminate the state’s tax on business equipment.<\/p>\n

The House Revenue and Taxation Committee meets Thursday to <\/del>weigh two bills<\/a> that address Idaho\u2019s business personal property<\/a> tax.<\/p>\n

House Speaker Scott Bedke (R-Oakley) indicated at an Idaho Press Club lunch on Tuesday that a big hang-up is whether the state can afford to get rid of <\/del> the tax that generates $140 million annually for local government and taxing districts and replace those forgone dollars with state revenue. <\/em><\/p>\n

<\/em>“We are not experiencing phenomenal revenue growth, and neither is there an accompanying broadening of the tax base,” Bedke said. “And I think that\u2019s what you\u2019re seeing the Legislature struggle with at the moment.”<\/p>\n

Senate President Pro Tempore Brent Hill (R-Rexburg) agreed that the Legislature hasn’t reached a consensus. “As the Speaker says, this has to mellow. It has to ripen, and then it hast to be harvested,” he said.<\/p>\n

The House Revenue and Taxation Committee has two very different proposals to consider<\/a>. One, from the Idaho Association of Counties, would exempt the first $100,000 worth of business personal property and replace the lost revenue with an annual $19 million payment from state funds. The competing bill, backed by the Idaho Association of Commerce and Industry, would eliminate the tax between now and 2019, at a maximum annual cost of $120 million.<\/p>\n

The committee meets at 8 a.m.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

UPDATE: The competing personal property tax bills that were introduced last week have both been removed from Thursday’s agenda. Times-News reporter Melissa Davlin reports that the Idaho Association of Commerce and Industry will introduce a third personal property tax bill on Friday. Originally, committee chairman Gary Collins, R-Nampa, said he intended to hold a vote […]<\/p>\n","protected":false},"author":46,"featured_media":13867,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[15],"tags":[210,214],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts\/16249"}],"collection":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/comments?post=16249"}],"version-history":[{"count":1,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts\/16249\/revisions"}],"predecessor-version":[{"id":16263,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts\/16249\/revisions\/16263"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/media\/13867"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/media?parent=16249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/categories?post=16249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/tags?post=16249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}