Featured Professional:
Senator John McGee
Idaho State Legislature,
Serving the Citizens of Caldwell, Greenleaf, and Wilder
Featured Professional:
Senator John McGee
Idaho State Legislature,
Serving the Citizens of Caldwell, Greenleaf, and Wilder
The House approved eight bills in what some lawmakers consider the most sweeping property-tax reform effort in Idaho history — if the measures survive debate in the Senate.
S1299 adds to existing law relating to
nonprofit timber protective associations to provide specified restrictions
relating to liability of nonprofit timber protective associations while
performing contracts with the state of
Idaho or any agency of the state of Idaho. The bill passed the Senate
and is now heading to the House.
Lawmakers voted 69-1 to boost the amount homeowner can exempt from taxes on the assessed value of their property to $75,000, from $50,000.
The gulf was wider on a plan to make half of school maintenance and operations funding — about $125 million annually — an obligation of the state general fund, rather than property tax revenue. A half-penny sales-tax increase was approved to increase general-fund revenues. The shift passed 52-17, and the sales-tax increase 37-30.
Supporters said the three measures bring Idahoans "substantive property tax relief." Homeowners, who now bear nearly two-thirds of Idaho's $1.1 billion property-tax burden, will see the greatest decrease in their tax payments though other types of property owners, including commercial, agriculture, mining and timber, will see reductions as well.
Many legislators participated in the Forestry
Day luncheon which was well attended by our elected officials and a professionally
done video produced by the Idaho Forest Product Commission was presented.
It was a great event and demonstrated the importance of our industry to
the Idaho elected officials.
Contact us today for a free consultation about the management of your forestlands, marketing of your timber products, wildfire control efforts, or prescribed burning needs. We also provide the region's best wildlife management, watershed management, and forest regeneration services. Explore our site and let us know how we can best serve you!