IACI president firm on getting rid of personal property tax

Mitch Coffman Headlines

Earlier this week, presentations were given in the Senate Local Government and Taxation Committee regarding the repeal of the personal property tax. The hearing was to receive input on the Entin Study, commissioned by the Idaho Association of Commerce & Industry (IACI) in 2007 to determine the impact of repealing the tax, which, for example, requires businesses to assess and …

State’s August budget update won’t get second opinion, as Dems requested

Idaho Freedom Foundation staff Headlines, Uncategorized

Idaho’s next state budget revenue projection, due out in August, won’t be formally reviewed by outside economists, despite a request from the top Democrat in the Idaho House of Representatives.  However, the state could set up a new council that could review a December projection. House Minority John Rusche, D-Lewiston, publicly sent a letter asking Gov. Butch Otter to have …

Otter and budget staff say state survey shows Idaho is being prudent

Idaho Freedom Foundation staff Headlines, Uncategorized

Idaho Gov. Butch Otter said a new report comparing all 50 states’ budget planning shows that Idaho’s recent legislative session was successful. “Our focus is on growing our economy, not growing our budget,” Otter said in a news release.  “We’re determined to put taxpayers’ dollars to the best possible use while maintaining a stable tax and regulatory climate.”  Otter has …

IACI defends website, phone calls opposing Allred

Idaho Freedom Foundation staff Headlines

The Idaho business organization behind a website and thousands of automated phone calls criticizing Keith Allred, a Democratic candidate for governor, defends all the statements that Allred’s campaign has called dirty politics.  The campaign arm of the Idaho Association of Commerce and Industry (IACI), the Idaho Prosperity Fund, created the website AllredInk.com calling Allred’s proposal to use higher tax revenue …

Final March tax numbers $14.5 million above estimates

Idaho Freedom Foundation staff Headlines

Final tax revenue data confirms that Idaho had a $14.5 million surplus in March.  Those higher than expected revenue nearly fill up a $16 million shortfall for February, and still leave the state $27.1 million below the tax collections estimated by Idaho’s chief economist, Mike Ferguson.  Revenue totals for April, the biggest month for tax collections, are crucial to the …

Final February tax numbers confirm $16 million gap

Idaho Freedom Foundation staff Headlines

The final report on tax revenues for Idaho’s general fund show the state collected $16.2 million less than expected in February.  That’s the biggest gap during the past three months, when the state lowered its expectations for revenues from the income tax, sales tax, and several other taxes.  The shortfall for tax revenues is now $41.6 million since December, and …