Out-of-state shareholders who own stock in large businesses based in Idaho pay the vast majority, approximately 83 percent, of the state’s personal property tax. The share of benefits going to out-of-state shareholders is calculated using a vetted economic model developed by the Institute on Taxation and Economic Policy (ITEP). Since $100,000 in personal property tax is exempt from taxation, most small businesses pay no personal property tax.
Read the full report here: Eliminating the Business Personal Property Tax in Idaho
House Bill 304 Helps Idaho Homeowners and Schools, but Misses Opportunity to Bolster Circuit Breaker
- Idahoans pay property taxes to contribute to improving their city and county infrastructure, like roads and schools. In response to the housing market boom
