Wednesday, April 2, 2008

Business Briefs

Tax deferral deadline looms

Homeowners who apply for a property tax reduction have until April 15 to also apply for a property tax deferral under Idaho's Property Tax Deferral Program.

Anyone granted property tax relief under the Property Tax Reduction Program can apply to defer the remainder of their taxes for the same year. The deferred taxes and interest must eventually be repaid to the state.

For more information or a deferral application, contact the Blaine County Assessor's Office or the Idaho State Tax Commission at (800) 334-7756.

Time to claim your cash

More than $1.8 million of Idaho's $48 million of unclaimed money will go to the state's general fund on July 1 if not claimed by the owners.

The assets, which the state takes ownership of if not claimed for 10 years or longer, include stocks, bonds, mutual funds, bank accounts, uncashed payroll checks, utility deposits, traveler's checks, contents from deposit boxes and other money.

The unclaimed property list can be found at and anyone who finds their names on it can fill out a claim form to get the money. For more information, contact the Tax Commission's Unclaimed Property Program at (800) 972-7660, ext. 7623.

Blaine unemployment below average

Blaine County's unemployment rate remained below the state average in the latest figures released by the Idaho Department of Labor.

For February of 2008, Blaine County had an employed workforce of 13,428, while there were 402 workers without jobs. The Labor Department computed a 2.9 percent unemployment rate for the county, which compares with 3.9 percent statewide.

Where's my tax refund?

Idaho taxpayers can find out the status of their tax refunds by visiting the Idaho State Tax Commission's Web site at and clicking on a button labeled "Where's my Refund?"

If that doesn't work, call the Tax Commission toll free at (888) 228-5770.

Both services are available 24 hours a day. Have your Social Security number and expected refund amount handy for an inquiry.

Broadband capacity comes to network

Boise-based Syringa Networks has announced the addition of broadband capacity on its fiber-optic network in southern Idaho. Syringa is owned by 12 rural independent communications companies in Idaho and manages a 1,350-mile, fiber-optic network in southern Idaho.

The addition of another frequency to its network will increase its network capacity by enough to carry 32,256 simultaneous telephone calls.

Syringa provides customer service to 105 communities in Idaho from Council in the west to St. Anthony in the east, including the Wood River Valley.

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