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
Understanding the School Facilities and Tax Relief Bill of 2024
- Idahoans care about the quality of their children’s education, and the quality of the school facility where their children receive their education. However, Idaho
