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Article: EDITORIAL: House works a fair deal on personal property tax.(Editorial)
- Article from:
- The Times-News (Twin Falls, ID)
- Article date:
- March 11, 2007
CopyrightCOPYRIGHT 2007 The Times-News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Mar. 11--State lawmakers are taking aim at one of Idaho's most arcane and problematic forms of public taxation -- the personal property tax on business. It doesn't come a day too soon for the cause of fair taxation.
House members laid the groundwork for immediate personal property tax relief, albeit on a limited and cautious scale. The House voted 40-27 on Friday, to give relieve businesses on the first $50,000 they are assessed in personal property tax. If passed by the Senate and the governor, it would go into effect retroactively for 2007, while forming a plan for future property tax relief in future years.
Why is the personal property tax a millstone ...