Sunday, March 24, 2013

Statehouse: Chances Are Good For Personal Property Tax Exemption; Girl Scout Cookie Tax Break, Not So Much

Posted By on Sun, Mar 24, 2013 at 9:14 AM

Moving boxes are expected to surface this week at the Idaho Statehouse as legislators eye Friday, March 29 as a possible adjournment date.

Before they hit the bricks, the Idaho Senate is expected to take up the much-discussed repeal of Idaho's personal property tax for thousands of the Gem State's small businesses. The Idaho House voted 67-2 March 19 to slash the personal property tax on equipment for about 90 percent of Idaho busineses. The exemption covers new purchases of up to $3,000 and is capped at $100,000 for each of Idaho's counties. The state has agreed to cover the $20 million in annual losses to local governments and schools.

Meanwhile, a proposed sales tax exemption for Girl Scout cookies may have hit a roadblock. After passing through the Idaho House on a 50-11 vote, the measure has been held back by the chairman of the Senate Local Government and Taxation Committee, Terreton Republican Sen. Jeff Siddoway. The bill has not been slated for any public testimony and may die in committee before the gavel comes down on the 2013 legislative session.

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