Gov. Butch Otter is proposing elimination of the personal property tax, a move that would significantly cut revenue to local governments but aid businesses, farmers and ranchers.
Gov. Butch Otter formally proposed Monday that the state eliminate the personal property tax -- a move that would save businesses, farmers and ranchers in Elmore County nearly $3.8 million a year in tax breaks.
But those savings would come at the price of massive dislocations in the revenue stream for local governments, with some losing more than 40 percent of the revenue they rely on to provide services expected by the citizens.
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