Assessor warns buyers of all sorts of property Oct 3, 2008
Head Assessor Brian Lastra's office is mailing out notices to business owners. "We're looking for personal property that businesses use to conduct business on a daily basis," Lastra said. (New Britain Herald, CT)
R'ville council meeting called Tuesday Sep 20, 2008
A special called meeting was scheduled for Thursday at 5 p.m. A second reading of ordinance 2008-15 and 2008-16 setting the 2008 real and tangible property tax rate and the 2008 motor vehicle tax rate was passed. Due to press time the decision will be published in the Tuesday, Sept. 23 edition of the N-D/>During the 15 minutes of Tuesday night's meeting Judy Denson and Barbara Hines won the drawing to receive free rain barrels from the city of Russellville. (Russellville News Democrat Leader, KY)
Joe Biden Ignored by Hollywood Aug 25, 2008
Even though the Delaware senator has sent Tinseltown the right signals, with his strong stance against copyright infringement a la piracy, in which he called music and movies just as precious as any tangible property, Biden has basically been treated like a political second fiddle. Over his long senate career, entertainment industry contributions to him have totaled about $390,000, according to the Center for Responsive Politics. (Newsmax)
Sales tax free Jul 28, 2008
During the holiday, the first 2,500 of most tangible property items for non-business use will be exempt from the four percent statewide sales tax, said Byron Henderson, press secretary for the Department. All Louisiana dealers are required to participate in the sales tax holiday and allow the state sales tax exemption on eligible sales made during the holiday period. (New Iberia, LA)
DEC commissioner urges fix for pollution cleanup program Jun 10, 2008
This structure has resulted in the availability of excessively large tangible property credits to developers who invest relatively little to remediate a site, or who would likely redevelop a site in the absence of tax credit initiatives, according to a statement attached to the governor's bill. Legislators in both houses have also proposed bills to reform the 2003 brownfield laws. (Catskill Daily Mail, NY)
Radiologist left cat, condo, scholarship fund to alma mater May 26, 2008
The will allows Juniata to sell tangible property and use the money as the school sees fit. A 1961 Juniata graduate, Johnson, who never married, grew up in Somerset and would not have been able to attend college if it wasn't for a scholarship from Juniata. (USA Today -- News)
Alum gives everything to Juniata -- cat, car, cash May 25, 2008
Income from the sale of tangible property can be used as Juniata sees fit. Leftover assets, including proceeds from selling the house, must go to a freshman scholarship fund named for one of Dr. Johnson's biology professors. (Pittsburgh Post-Gazette, PA)
Who Owns the Past? May 2, 2008
Nations that have hosted excavations depend in great part on the work of foreign archaeologists for the raw material of their nationalist ideologies, not to mention the tangible property that fuels their tourism economies. Archaeologists, especially those who benefit from working in host university museums, should examine their support of nationalist retentionist cultural property law. (YaleGlobal Online Magazine, CT)
Property Appraiser upgrades Web site Apr 19, 2008
The Duval County Property Appraiser's Office has redesigned and upgraded its real estate and tangible property search web search. Changes to include an advanced search feature that allows users to narrow searches and extract specific categories of information from the county's property data base. (Jacksonville Business Journal, FL)
Tax reform? We got tinkering Apr 16, 2008
26 percent tax on tangible property or net worth, while other businesses do not ... It could eliminate double taxation, the tax on tangible property, and the minimum corporate tax, and offer single-sales factor apportionment to all entities. (Boston Globe)
Plan to tax Internet downloads stalls in California Apr 16, 2008
The bill would have asked the state Board of Equalization to reclassify digital downloads as "tangible property," thereby subject to state and local sales tax. This would have avoided the two-thirds vote needed to impose a new tax in the state. (Sacramento Business Journal, CA)
Governor's tax musings may actually make sense Apr 15, 2008
We tax the sales of tangible property, such as clothes or cars, and exempt sales of intangible services, which also makes little sense. Why should we tax a homeowner who buys a lawnmower but not tax one who spends money, instead, on a lawn maintenance service. (Fresno Bee -- Local)
What to know of tangible property Mar 27, 2008
What is tangible property. It's any asset, excluding real estate, that helps generate income for a business or individual. (Florida Times-Union)
Sikeston doctor testifies during hearing of bill Mar 24, 2008
While laws protecting tangible property are enforced by the government with tax-funded law enforcement officers and prosecutors and courts, laws relating to intellectual property are only enforced in civil court. It s like the wild wild west : your gold claim is only as good as your ability to defend it, Masters said. (Skieston Standard Democrat, MO)
More of this story Feb 21, 2008
1 million in tangible property taxes alone. Martin said the local economy also would get a boost. (Bartow Polk County Democrat, FL)
Rebate part of economic plan Feb 20, 2008
The package also proposes to allow small businesses to fully expense 250,000 in both new and used tangible property up to a limit of 800,000. Encouraging small businesses to grow is particularly important, since they create most of the new jobs in America. (Nogales International, AZ)
‘Sunset' law under scrutiny Feb 19, 2008
1 million tax exemption for the use of tangible property by commercial airlines or railroads. A 3. (Durant Daily Democrat, OK)
Spehar denies ethics complaint Feb 13, 2008
She pays a tangible property tax on it and it's classified as a navigational service to shipping business by the property appraiser. Spehar said she doesn't understand the classification but insists her only business is as a county commissioner. (Florida Keys Keynoter)
Federal Suit Filed in Annexation Feb 1, 2008
In the release, Boyce said Pinewild property owners have tangible and intangible property rights protected by both the U.S. and North Carolina Constitutions. "Some of what is threatened to be taken from Pinewild residents is tangible property for which owners have already paid for dearly, including 22 miles of right of way, private streets and 20 miles of water lines. In addition, Pinewild residents will have their intangible property rights confiscated, including the rights of privacy, personal... (The Pilot Newspaper)
County supports property tax amendment Jan 30, 2008
The amendment also has an effect on non-homestead properties and makes personal tangible property exempt up to $25,000 in value. Overall, 13,502 ballots were cast for the property tax amendment, either by voting Tuesday, early voting or voting by an absentee ballot. (Lake City Reporter, FL)
Americans will get nearly $100 billion in tax rebates Jan 25, 2008
Section 179 expensing: Allows employers to fully expense $250,000 in new and used tangible property in the year it's purchased up to an overall investment limit of $800,000. 3. (Anchorage Daily News)
Fact Sheet: New Growth Package Meets Criteria to Keep Our Economy Healthy Jan 25, 2008
This will encourage businesses to expand and create new jobs now because buying equipment, software, and tangible property this year will dramatically lower their taxes. The agreement also increases expensing for small businesses. (White House News Releases)
Warren County Board considers sales tax increase Jan 22, 2008
If Warren County increased its sales tax, exempt from the tax would be any tangible property that is titled or registered within the state, such as cars or boats; food for human consumption that is to be consumed off premises; prescription and non-prescription medicine; drugs; medical appliances, insulin, urine testing materials, syringes and needles use by diabetics. Pearson said he would look into whether the sale of farm equipment would be exempt. (Macomb Journal, IL)
Committee weighs impact of safety tax increase ... Lumbeck re-appointed to federal task force ... Bank to host annual seminar ... Spring-like weather topples records across state in January ... ';var marqueewidth="350px";var marqueeheight="25px";var marqueebgcolor="#FFFFFF";////NO NEED TO EDIT BELOW THIS LINE////////////var pauseit=1;var marqueespeed=1 //slow speed down by 1 for NSvar copyspeed=marqueespeedvar pausespeed=(pauseit==0)? copyspeed: 0var iedom=document.all||document.getElementByIdif (iedom)document.write(''+marqueecontent+'')var actualwidth=''var cross_marquee, ns_marqueefunction populate(){if (iedom){cross_marquee=document.getElementById? document.getElementById("iemarquee") : document.all.iemarqueecross_marquee.style.left=parseInt(marqueewidth)+8+"px"cross_marquee.innerHTML=marqueecontentactualwidth=document.all? temp.offsetWidth : document.getElementById("temp").offsetWidth}else if (document.layers){ns_marquee=document.ns_marquee.document.ns_marquee2ns_marquee.left=parseInt(marqueewidth)+8ns_marquee.document.write(marqueecontent)ns_marquee.document.close()actualwidth=ns_marquee.document.width}lefttime=setInterval("scrollmarquee()",20)}window.onload=populate;function scrollmarquee(){if (iedom){if (parseInt(cross_marquee.style.left)>(actualwidth*(-1)+8))cross_marquee.style.left=parseInt(cross_marquee.style.left)-copyspeed+"px"elsecross_marquee.style.left=parseInt(marqueewidth)+8+"px"}else if (document.layers){if (ns_marquee.left>(actualwidth*(-1)+8))ns_marquee.left-=copyspeedelsens_marquee.left=parseInt(marqueewidth)+8}}if (iedom||document.layers){with (document){document.write('')if (iedom){write('')write('')write('')write('')}else if (document.layers){write('')write('')write('')}document.write('')}}Friday, January 18, 2008 Committee weighs impact of safety tax increase Jan 18, 2008
If an increase in sales tax occurs in Warren County, any tangible property that is titled or registered within the state, such as cars or boats; food for human consumption that is to be consumed off the premises where the food is sold; prescription and non-prescription medicine; drugs; medical appliances, insulin, urine testing materials, syringes and needles use by diabetics would all be exempt. Pearson said that he would look into if the sale of farm equipment would be exempt by the... (Monmouth Daily Review Atlas, IL)
Letters from readers Jan 15, 2008
While not the answer to all their woes, the $25,000 tangible property tax exemption and the 10 percent cap on annual assessments have to be a help. If the passage of this amendment does result in a monetary shortfall and fees have to be imposed, we will all have to share in making up the deficit, not just the homeowners and business owners. (Florida Times-Union)
Council passes city property tax rate Dec 9, 2007
The rate for tangible property is 0. 258; for motor vehicles it is 0. (News Enterprise Online)
Property tax debate could land in court Nov 5, 2007
30-day news archives. They feel pretty confident that it would stand up to constitutional challenge. (Florida Today)
Tax challenges loom Nov 4, 2007
Voters will get to decide on a proposed constitutional amendment that would double the homestead exemption, make accrued Save Our Homes benefits transferable to new homesteads, cap assessment increases on nonhomestead property and provide a $25,000 exemption on tangible property for businesses. As Save Our Homes works now, resident homeowners lose built-up tax protections when they move. (Pensacola News Journal)
What's in the tax plan for local residents Nov 4, 2007
Tangible property tax break ... It would leave McGreevy paying no tangible property tax on office equipment, cash registers, coolers and other equipment in his liquor store and attached bar. (Pensacola News Journal)
Crist stumps for tax plan Nov 1, 2007
Portability of up to $500,000 in Save Our Homes assessment protections is among the current proposal's provisions, along with a $25,000 exemption for businesses on tangible property assessments and a 10 percent annual cap on nonhomestead property assessment increases. Later in the day, Crist appeared at an automotive transmission shop in Fort Walton Beach, alongside House Speaker-designate Ray Sansom, R-Destin, and Sen. (Pensacola News Journal)
Crist touts plan for tax cuts Oct 31, 2007
Business would also see a $25,000 exemption for the taxes they pay on equipment and other tangible property. Rubio complained the measure is a far cry from a plan the House passed last week that would give a homestead exemption worth up to a minimum 40 percent of each county's median home value, and have other perks for low-income seniors and affordable and energy efficient housing. (Pensacola News Journal)
Property Tax-Cut Package May Cost Schools $2 Billion Oct 16, 2007
" But the plan attracted no opposition from schools during the Senate panel's hearing. Connie Milito, lobbyist for Hillsborough County Public Schools, said she believes the assurances from lawmakers that, somehow, they will find the money to fully fund K-12 education. "We take them at their word. " State Trumps Local Cities and counties were less sanguine about the tax plan, which, if approved by voters in January, would write into the state Constitution a limit on local governments' ability to... (Tampa Bay Online, FL -- News)
Hospitals join forces, save on taxes Oct 11, 2007
As a result, the hospitals cut their 2006 tangible property taxes by 41 percent - a total of $1 ... 4 million in tangible property taxes instead of $4 ... In all, the county billed for $137 million in tangible property taxes in 2007. (The Palm Beach Post)
Schools levy tax rate Sep 1, 2007
Due to rising property assessments across the county, the Shelby County Board of Education has lowered the tax rate on real estate, but will raise taxes on tangible property ... While the real estate tax went down, the tax on tangible property saw an increase. (Shelbyille Sentinel-News, KY)
Parental warning: dont leave home on August 18 Aug 7, 2007
The small print for the competition excludes SonyBMG from all liability for any tangible property damage, losses or injuries resulting from the parties. Hundreds of fans began signing up after Harris, who topped the charts with Acceptable in the 80s, issued an invitation on his MySpace blog. (Times Online)
Effects of Mich. business tax explored, yet to be determined Jun 20, 2007
76 percent tax of the difference between a business' sales and purchase of tangible property ... 76 percent tax of the difference between a business's sales and purchase of tangible property. (The State News, MI)
Homeowners May Get to Choose Taxes Jun 15, 2007
With almost no discussion, lawmakers also voted to ask residents to approve in January constitutional changes to give a $25,000 exemption on tangible property for businesses, a move that would eliminate the tangible property tax for one million smaller businesses. Voters will also decide on new exemptions for low-income seniors who own homes. (The Ledger)
Governor, legislators agree on new tax Jun 14, 2007
The tax will be based primarily on a margin tax - a tax the Senate supported - which consists of sales minus the purchase of "tangible property," at a rate of. 76 percent, with the remaining one-third coming from business income at a rate of 4. (The State News, MI)
Tax reform faces tough slog Jun 13, 2007
Commercial property owners: Would receive a $25,000 tangible property tax exemption. Cities that wouldn't have to reduce property taxes this year: Belle Glade, Mangonia Park, Pahokee, Royal Palm Beach in Palm Beach County, and Jupiter Island in Martin County. (The Palm Beach Post)
State plan calls for freezing property taxes at 2006 level Jun 12, 2007
Business owners: tax cut the first year and a tax break on the first $25,000 worth of equipment and other tangible property. No direct help from the homestead exemption change. (Sun-Sentinel.com)
Tax Bill Details Remain In Flux, Lawmakers Say Jun 5, 2007
" Rubio said after the meeting that such details would be forthcoming later this week. "You want to make sure that the measures do what we say it will do," he said. Much of Monday's meeting centered on nonhomestead property issues such as tangible property tax rates for businesses and tax treatment of affordable housing. Lawmakers could also mandate larger homestead exemptions for low-income seniors, already an option at the local level. Those topics generated little discussion, compared with... (Tampa Bay Online, FL -- News)
Council weighs tax relief options in wake of reval May 31, 2007
Homes make up about 90 percent of the local tax levy, with businesses, tangible property and car taxes accounting for the rest, she said. A lower rate for homeowners would take into account the greater increase in the values for that portion of the levy, according to Thibault. (Woonsocket Call, RI)
Macy's, JFK Medical Center among properties being sued by PBC appraiser May 29, 2007
In the case of commercial properties such as Bloomingdale's, Saks Fifth Avenue and Macy's, Nikolits said the dispute was mainly over the values of tangible property, such as racks and shelving. The Bloomingdale's property's assessed value was reduced from almost $12 million to just more than $5 million. (Sun-Sentinel.com)
Plan Puts 'Super' Exemption On Table May 17, 2007
Separate tax breaks for providers of affordable rental property are also proposed in the plan, as is an exemption on property owned by businesses that would largely exempt smaller businesses from paying the tangible property tax. Gelber said Democrats didn't account for a presumed upswing in the real estate market as homeowners now reluctant to move and pay much higher taxes on a new home would be freed to do so. (The Ledger)
Voters OK $69.6M spending plan May 16, 2007
He said tax revenues would result in a tangible property tax rate of $23. 13 per $1. (Woonsocket Call, RI)
Internet sales tax: Miss. buyers required to pay May 6, 2007
"You've purchased tangible property subject to use tax.". Mississippi has a 7 percent sales tax. (The Clarion-Ledger)
C.F. water system to fall under Pawtucket's control May 3, 2007
1 million deal, which includes a stipulation that the General Assembly certify that the PWSB can never be taxed on the pipes (the town of Cumberland recently attempted to impose a tangible property tax on PWSB pipes). "This sale was something the PUC [Public Utilities Commission] recommended years ago," said PWSB Attorney Joseph Keough, Jr. "We are spending a lot of money building a new treatment facility and cleaning, re-lining and replacing the pipes in Pawtucket, which are connected to the... (Pawtucket Times, RI)
FDLE seizes appraiser's files Apr 20, 2007
30-day news archives. "Ford, a 62-year-old Republican, in a brief telephone interview denied any wrongdoing and said the investigation into his office was "politically motivated. (Florida Today)
NFIB lobbies for end to state's tangibles tax Mar 26, 2007
Proposals so far include exempting businesses with tangible property assessed at less than $25,000, or exempting the first $25,000 in property for all businesses. "This is something that every business pays," Herrle said, noting that businesses also pay sales tax on the items when they are first purchased. (Orlando Sentinel -- Business)
China's rough ideological transition Mar 14, 2007
"Real property" here refers to tangible property in general, including real estate and movable property. China's sweeping reforms, started by Deng Xiaoping in 1979, have largely transformed the country's Stalinist-style command economy into a free-wheeling market-oriented one, with the private sector playing an increasingly important role in the country's economy. (Asia Times Online)
Water system sale bill gets first approval Mar 9, 2007
The Pawtucket City Council approved the sale contingent on the bill's passage, a precaution that seems reasonable in the wake of Cumberland's attempt to force the PWSB to pay tangible property taxes on its Cumberland pipe system. For the last 100 years the city of Central Falls has retained ownership of its own water pipes, which was just fine and dandy when the mills were churning out textiles and the public coffers were overflowing with tax money. (Pawtucket Times, RI)
Tax cut balkers exceed backers Mar 6, 2007
Palm Beach Post Capital Bureau. Monday, March 05, 2007. (The Palm Beach Post)
Speaker's tax cut planfaces uphill struggle Mar 5, 2007
Tax cut balkers exceed backers. Tax cut balkers exceed backers. (The Palm Beach Post)
List of property tax proposals Mar 4, 2007
Proposal: Yet another Crist idea, this would allow businesses with less than $25,000 in tangible property such as machinery and equipment to not pay taxes on it ... 2 million businesses in Florida that have less than $25,000 in tangible property. (The Palm Beach Post)
Residents press state legislators for tax reform Feb 22, 2007
Harvey said the group also supports reducing or eliminating entirely the tangible property tax on business. He also suggested improvements to agricultural exemptions. (Crystal River Citrus County Chronicle, FL)
We built this country on rock and roll ... and piracy Feb 3, 2007
PS the "borrow the tangible property analogy" started with you, I just carried it to the next step and I guarentee you that if you took off with a million smackers but later returned it, you would still be cooling your heels. By on 2/2/07, Rating: 2 By on 2/2/2007 11:16:50 PM , Rating: 2 Gonna have to go ahead and chime in here. (DailyTech)
Crist seeking an overhaul of tax system Jan 31, 2007
Businesses also could see a $25,000 tax exemption on tangible property such as computers and machinery, which Crist's office said would apply to nearly 1 million small businesses. Save Our Homes beneficiaries could be allowed to apply their tax discount to a new home when they move, addressing a widespread complaint that the break has trapped people in their homes by making it unaffordable to move. (Pensacola News Journal)
Tax advice for small businesses Jan 29, 2007
Typically, business that purchase tangible property -- think computers, machinery and furniture -- have to write off those items over the course of several years, factoring in depreciation. Thanks to Section 179, sole proprietors, partnerships and corporations can write off some purchases in full the year they were bought. (The Miami Herald)
What's left of the cake can hardly feed the poor Jan 18, 2007
It found that in 2000, the base year for the study, the richest 10 per cent of the world's people held 85 per cent of global household wealth - defined as financial assets, land, buildings and other tangible property. The top 1 per cent alone owned 40 per cent of global assets, and the richest 2 per cent more than half. (Sydney Morning Herald -- Opinion)
Hey, thats rich!AddMyLinkImage("/news/181_1900890,0008.htm", "Hey, thats rich!"); Jan 16, 2007
This is the first-ever comprehensive survey of distribution of global assets, taking into account components of household wealth like financial assets and debts, land and other tangible property. The aggregate global household wealth was estimated at $125 trillion in 2000, roughly three times the total global GDP.. (Hindustan Times, India)
