property

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Related to personal property: Personal Property Tax, Tangible personal property

property,

n the rightful ownership; the exclusive right to a thing.
References in periodicals archive ?
In the city of New Orleans, Hurricane Katrina increased the existing gap between real estate taxes levied and collected as well as the existing gap between personal property taxes levied and collected.
He said Walmart paid $75,548 in personal property taxes and $112,107 in real estate taxes in fiscal 2011.
18, Personal Property Office-Pacific held a special session for State Department personnel on how to handle personal property shipments for servicemembers assigned to embassies, as well as separate service meetings for the Army, Air Force, Navy and Marines.
As you can see in the example below, the first year depreciation deduction is approximately $79,000 for a $3 million commercial building using a 39 year life, versus a much larger approximately $346,000 in depreciation by merely segregating out $300,000 of the building's components into five year tangible personal property.
The going-concern value for the personal property and business intangibles is not the same as the value to an outsider who would likely deploy them in a different setting.
For purposes of determining the predominant use of property, the taxpayer attempted to draw analogies to the rules under section 1033 of the Code (for which a "functional" test has been established) and also the income sourcing rules for personal property sales under section 865(a).
In the case of DoD organic depot maintenance operations, the DUSD (Logistics and Materiel Readiness) shall develop a UID implementation plan specifically for legacy personal property items; the initial version of the plan will be published by May 31, 2005.
The court rejected the defendant's argument, concluding the search of the defendant's personal property could have occurred at the arrest scene; thus, the defendant lost his expectation of privacy in items of personal property immediately associated with the arrestee and lawfully seized.
To achieve equalization, personal property taxes were frozen.
New software solution reduces the guesswork in tax jurisdiction assignment for sales and use, payroll, business personal property, and insurance premium taxes
Tenders are invited for IFB Revaluation Commercial and Industrial Personal Property.
DETROIT, May 4, 2012 /PRNewswire/ -- While campaigning to become the Governor of Michigan, candidate Rick Snyder proposed to eliminate the business personal property tax because he felt that it was an impediment to attracting reinvestment and new investment into Michigan.

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