Adds to existing law to provide a county option for a tax exemption for personal property.

The personal property tax applies to business machinery, tools, furnishings, equipment and some fixtures as described in Section 63-602KK, Idaho Code. It is one of the most difficult to administer and comply with for government and business alike. The purpose of this legislation is to give local control related to this tax. It provides county commissioners the opportunity to grant complete exemption of the personal property tax on those businesses within their county boundaries that are still tracking and paying the tax. County commissioners have the authority to grant the exemption for a time certain after public meetings have been held.