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
2022 Special Legislative Session: Understanding Impacts of the Tax and Education Bill
- August 30, 2022
- Economic Security, Education, Featured, Reports, Tax & Revenue, Uncategorized
- To download a PDF version, click here. State surpluses and strong revenue growth are leaving many states with a big opportunity this year. Idaho
