Personal property tax cut would hit local government

Wednesday, January 9, 2013

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.

For the full story, pick up a copy of the Mountain Home News or click on this link to subscribe to the newspaper's online edition.

Comments

View 3 comments

Note: The nature of the Internet makes it impractical for our staff to review every comment. Please note that those who post comments on this website may do so using a screen name, which may or may not reflect a website user's actual name. Readers should be careful not to assign comments to real people who may have names similar to screen names. Refrain from obscenity in your comments, and to keep discussions civil, don't say anything in a way your grandmother would be ashamed to read.

Ouch to the poor old WECRD. That could hurt that bottom line of taxation without representation. Not that you have a budget anyway or any clue on how you will pay for this once built much less sustain it. Oh well, just do what the MHSD does.

-- Posted by OpinionMissy on Wed, Jan 9, 2013, at 8:36 AM
Do like Washington and Colorado and we won't have any Money problems,, like Duhhhhhhhhh

-- Posted by Freedom on Tue, Jan 15, 2013, at 9:50 AM
So this will benefit all business owners including farmers and ranchers. And who will take up the slack The little Guy/Gal whose making 10 bucks and hour.

-- Posted by gmoney on Wed, Jan 16, 2013, at 1:50 PM

Respond to this story

Posting a comment requires free registration:

If you already have an account, follow this link to login
Otherwise, follow this link to register