[Vision2020] The IACI and Personal Property Tax

[g. crabtree]

Actually, personal property IS your kitchen toaster if you are a business. 
Personal property tax covers tools and fixtures in a business. In my case 
key duplicators, code machines, pinning kits, lock picks, volt/ohm meters, 
cash register, work bench, computers, the carpet you walk on, and the seat 
we provide to rest your bones while we cut your keys. Pretty much everything 
that is not covered by some other tax.

Land & building (improvements) = real property tax

rolling stock = sales tax & vehicle registration

profit = income tax

everything else = use tax

There is absolutely no aspect of a small business that is not taxed. And to 
top it all off the small business man is also the uncompensated tax 
collector for the states sales tax. Believe me, it's no small amount of time 
that is spent keeping track of the states money by way of reports and record 
keeping. Very little time for web surfing and sand pounding.

g
----- Original Message ----- 
From: "Tom Hansen" <thansen at moscow.com>
To: "Vision 2020" <vision2020 at moscow.com>; <ttrail at house.state.id.us>
Sent: Tuesday, January 23, 2007 5:41 AM
Subject: [Vision2020] The IACI and Personal Property Tax


> Rep. Trail -
>
> I read somewhere at about 4:56 this morning that the IACI (Idaho 
> Association
> of Commerce and Industry) is campaigning to eliminate personal property 
> tax.
> I am assuming they mean personal real property (as in land, and not your
> kitchen toaster).
>
> Two questions:
>
> 1)  What is the likelihood of this ever becoming reality (hopefully not)?
>
> 2)  What is your take on the IACI?
>
> Thanks,
>
> Tom Hansen
> Moscow, Idaho
>
> "If I wanted to overhear every tedious scrap of brain static rattling 
> around
> in your head, I'd read your blog."
>
> - Bill Maher
>
>
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