Laws & Taxes

Laws & Taxes

The Whitman receives excellence award from Affordable Housing Tax Credit Coalition

BOISE, ID - May 27, 2010 - (RealEstateRama) -- The Housing Company (THC), brought to you by Idaho Housing and Finance Association, recently received a Charles L. Edson Tax Credit Excellence Award for the Whitman in Pocatello. The Affordable Housing Tax Credit Coalition, which celebrates the best in affordable rental housing development, awarded the Whitman an honorable mention in the rural housing category. The project was selected as a winner from among 40 applicants from 22 states for six separate categories

Simpson Supports Extension of Homebuyer Tax Credit

Washington, DC - November 6, 2009 - (RealEstateRama) -- The U.S. House of Representatives today overwhelmingly passed legislation extending the First-Time Homebuyer Tax Credit Provision through April 30, 2010. The bill also creates a new tax credit for move-up buyers who have lived in their current residence for at least five years. The expanded tax credit was included as part of H.R. 3548, legislation that provides an extension of federal unemployment insurance benefits.

Simpson Cosponsors Legislation to Provide Estate Tax Relief

Washington, DC - November 3, 2009 - (RealEstateRama) -- Idaho Congressman Mike Simpson is a cosponsor of H.R. 3095, the Estate Tax Relief Act of 2009. The legislation increases the estate tax exemption to $5 million per person and reduces the top rate to 35% in equal increments over ten years.

Some Idahoans Can Estimate Their Property Taxes at tax.idaho.gov

BOISE, ID - June 22, 2009 - (RealEstateRama) — Residents of 19 Idaho counties can estimate their 2009 property taxes by visiting the Idaho State Tax Commission’s Web site at tax.idaho.gov. The Web site’s home page links to a calculator that allows taxpayers to estimate what they will owe.

If Assessed Home Values Drop, Will Property Taxes Do The Same?

BOISE, ID - May 20, 2009 - (RealEstateRama) — Property valuation notices are in the mail to Idaho homeowners. And one property tax expert is reminding homeowners that, whether their home values go up or down, their taxes won’t necessarily follow suit.

Idahoans Who Don’t Itemize Can Get Deduction for Property Taxes

BOISE, ID - March 18, 2009 - (RealEstateRama) — Idahoans who don’t itemize their tax deductions can claim an additional standard deduction for real property taxes on their 2008 Idaho income tax return. The deduction is part of legislation that conforms Idaho law to federal law, and it applies to state and local real property taxes paid

Some Homeowners Qualify for Idaho’s Property Tax Relief Programs

BOISE, ID - February 25, 2009 - (RealEstateRama) — Homeowners who qualify have until April 15 to apply for two different programs that can help them with their property taxes

Affordable senior housing available in Caldwell

CALDWELL, ID - January 06, 2009 - (RealEstateRama) — Although times may be tough economically for many Treasure Valley residents, there is an affordable housing option available for seniors.

Idaho Housing and Finance Association welcomes Steven Keen to Board of Commissioners

BOISE, ID - December 29, 2008 - (RealEstateRama) — Gov. C.L. “Butch” Otter has appointed Steven Keen of Boise to Idaho Housing and Finance...

Property Tax Reduction (Circuit Breaker) Deadline is April 15

BOISE, IDAHO — March 13, 2008 — Homeowners who may qualify for up to $1,320 in property tax reduction have until April 15 to...

County pursuing full-disclosure ordinance

Move comes amid loss of access to MLS sales data SANDPOINT -- Bonner County is moving ahead with an ordinance requiring the disclosure of real...

STATE TAX COMMISSION SETS 2008 HOMEOWNER’S EXEMPTION

BOISE, IDAHO — Sept. 19, 2007 — The maximum homeowner’s exemption for 2008 will increase to $100,938, according to calculations by the Idaho State...

Homeowner’s exemption to increase in 2008

Officials say impact still largely unknown Homeowners will see an increase in their maximum homeowner's exemption next year, according to the Idaho State Tax Commission....

Corporate income tax rate scares some off

Idaho's high corporate income taxes cause some companies to not even look at Idaho as a potential location for relocation or expansion, state economic...

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Boise natives say 12,000-square-foot home will be a haven for family

As a child, Darren Blaser rode four-wheelers, motorcycles and bicycles on the Foothills now covered by Quail Ridge subdivision.Kim Blaser, his wife, grew up...

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Risch, King Bill to Protect Energy Infrastructure Secures Western Governors’ Association...

U.S. Senators Angus King (I-Maine) and Jim Risch (R-Idaho) today announced that the Western Governors’ Association, a bipartisan group of 19 governors from Western states and 3 governors from Western U.S. territories, has endorsed the Securing Energy Infrastructure Act. The bipartisan legislation, introduced by the Senators earlier this year, seeks to protect America’s electric grid from cyber-attacks. The WGA expressed their support in a letter earlier this month to the Chairs and Ranking Members of the Senate Committee on Energy and Natural Resources and the Subcommittee on Energy.