Bill > HB372

This bill authorizes Elmore County to implement a new rental tax beginning September 1, 2025, which will be applied to the leasing or renting of tangible personal property. The tax rate will vary depending on whether the rental occurs in incorporated or unincorporated areas, and will be calculated by subtracting the state rental tax rate and any existing municipal rental tax rates from a base rate of 9.5%. The Revenue Commissioner will calculate and publish the specific tax rates by August 1, 2025, and the county commission must certify these rates by resolution. Notably, motor vehicle rentals required to be registered are exempt from this tax. The revenue generated from this tax will be deposited into the Enhance Elmore Fund, with 90% allocated for infrastructure improvements and 10% dedicated to economic development initiatives. The tax will be administered similarly to existing state rental tax regulations, and the bill will become effective on June 1, 2025, applying exclusively to Elmore County.

Government Affairs

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