The Idaho Property Tax Relief Act of 2006 was passed on August 25, 2006. It was proposed by Idaho governor Jim Risch to be addressed in a special session of the Idaho Legislature.
The legislation in theory would do the following:
- Reduce property taxes by $260 million by eliminating the public schools maintenance and operation levy on Idaho real property. About 60% of the tax relief would go to businesses, 40% to residential property owners.
- Raise the Idaho sales tax $210 million, to six percent, effective October 1, 2006
- Place $100 million into the Public Education Stabilization Fund; and
- Place an advisory question on the November general election ballot asking Idaho voters if they agree with the property tax relief adopted by the legislature in August
In May, 2008, state economist Mike Ferguson estimated that the net tax cut was about $30 million.
Famous quotes containing the words property, tax, relief and/or act:
“A lawyer’s dream of Heaven: Every man reclaimed his own property at the resurrection, and each tried to recover it from all his forefathers.”
—Samuel Butler (1835–1902)
“Parents are used to being made to feel guilty about...their contribution to the population problem, the school tax burden, and declining test scores. They expect to be blamed by teachers and psychologists, if not by police. And they will be blamed by the children themselves. It is hardy a wonder, then, that they withdraw into what used to be called “permissiveness” but is really neglect.”
—C. John Sommerville (20th century)
“What do we want with this vast and worthless area, of this region of savages and wild beasts, of deserts, of shifting sands and whirlwinds, of dust, of cactus and prairie dogs; to what use could we ever hope to put these great deserts, or those endless mountain ranges, impenetrable and covered to their very base with eternal snow? What can we ever hope to do with the western coast, a coast of 3,000 miles, rockbound, cheerless, uninviting and not a harbor in it?”
—For the State of Kansas, U.S. public relief program (1935-1943)
“To die is not to play a part in society; it is the act of a single person. Let us live and laugh among our friends; let us die and sulk among strangers.”
—Michel de Montaigne (1533–1592)