Senate approves tax exemption for private dorm on BSU campus

Senate approves tax exemption for private dorm on BSU campus

by
Idaho Freedom Foundation staff
March 25, 2010
Idaho Freedom Foundation staff
Author Image
March 25, 2010

The Idaho Senate approved adding a property tax exemption to student housing built by a private company on state college and university campuses.  The legislation now needing approval from the governor would help Boise State University (BSU), which is contracting with a private company to build a new building on campus for student housing.

Land and buildings owned by universities are exempt from the state property tax.  Sen. Curt McKenzie, R-Nampa, said extending that exemption to a private builder would help BSU.  “They have a great need to have additional student housing on campus,” he said.  “Hopefully, this helps them to build some student housing without using tax dollars.”  A Texas company, American Campus Communities (ACC), would build the dormitory and then get a 65-year lease on the building and rent rooms out to students.

Read IdahoReporter.com’s story on House passage of the legislation hereThe text of the legislation is available here.

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