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Search DirectoryListing Details
ID: | 33578 | |
Title: | Business Personal Property Tax 101 | |
URL: | https://www.poconnor.com/business-personal-property-tax-101/ | |
Category: | Business: Business Services | |
Description: | Personal property includes tangible and intangible personal property. Real estate, minerals and tangible personal property are taxed in most states. However, no state currently applies a property tax to the intangible component of personal property. Some states solely tax intangible personal property such as bonds. Types of personal property subject to taxation vary state to state. The objectives of this book are to: 1) provide information on correct valuation procedures for personal property; 2) provide a series of insights into personal property applications; and 3) evaluate personal property tax issues. Valuation of personal property has become more complex during the last fifty years. Consider a company that spent $100,000 to provide employees with Apple watches. What is the correct allocation of: 1) tangible personal property (plastic, metal and silicone) and 2) intangible personal property (patents, trademarks, software, data, proprietary manufacturing processes and research and development used to design the Apple watch)? | |
Meta Keywords: | Property Tax Reduction Experts | |
Meta Description: | Personal property includes tangible and intangible personal property. Real estate, minerals and tangible personal property are taxed in most states. However, no state currently applies a property tax to the intangible component of personal property. | |
Link Owner: | poconnor | |
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