Saturday, March 2, 2013

AP: Monsanto, Avista Reluctant to Cut Personal Property Tax

Posted By on Sat, Mar 2, 2013 at 3:00 PM

Some companies are concerned a repeal of Idaho's personal property tax could hurt the communities in which they do business. That's according to a news brief filed by the Associated Press, citing worries from ag giant Monsanto Co. and Spokane, Wash.-based Avista Corp.

"Monsanto Co., which mines and processes phosphate in southeastern Idaho, worries dumping the tax could leave its home county short of money to pay for essential services," according to the AP.

Similarly Avista, formerly a member of the Idaho Association of Commerce and Industry, also "isn't pushing for changes." AP reported that Avista, no longer a member of IACI, wrote a newspaper editorial earlier this year to publicly state the company does not support eliminating the tax to the detriment of Idaho communities.

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