Senate President Pro Tem Brent Hill predicted Thursday that the 2013 Legislature will repeal one aspect of the property tax long targeted by business groups.
Hill advocates having the state replace revenue collected by local governments estimated at between $133 million and $143 million and phasing in repeal over six years.
“It sends a message to businesses that are looking at locating here or are already here that we do have a commitment to eliminate personal property tax,” said Hill, R-Rexburg.
Hill spoke to a session of the Boise Metro Chamber of Commerce’s Leadership Boise program.
In June, Gov. Butch Otter said he supported repeal, but he hasn’t been specific about details. Personal property accounts for 9 percent of property tax statewide, but varies widely, from 7 percent in Ada County to 45 percent in Caribou.
For a complete account of Hill's proposal, and reaction from Garden City Mayor John Evans and Idaho Association of Commerce and Industry President Alex LaBeau, read Friday's Business section in the Idaho Statesman.