Idaho Bills
2 bills · 2017 Regular Session
Amends existing law to increase the personal property tax exemption, to provide for administration and to revise definitions.
This proposal expands the current Personal Property Tax (PPT) exemption of $100,000 as provided in Idaho Code 63-602KK, to $250,000. The replacement amount will be based on 2014 personal property tax certification as provided by the county clerks to the Idaho State Tax Commission. Replacement funding will come annually from the state general fund through the sales tax distribution formula as provided in 63-3638, Idaho Code.
Amends existing law to remove language specifying a date after which a county auditor must deliver a missed property roll to the tax collector.
This legislation amends Idaho Code § 63-811to remove language specifying the date after which a county auditor must deliver a missed property roll to the tax collector. Current statute requires delivery after the first Monday of March in the following year. Removing this requirement will allow taxpayers to receive their tax notice sooner.
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