Those that do may only apply it to certain items, such as tangible personal property that is valued above a certain threshold or only used for business purposes. TPP can be subject to ad valorem ...

This recapture occurs at the time a business sells certain tangible or intangible personal property at a gain. Section 1231 allows a business that sells a property held for more than one year to ...

In an ongoing battle against Netflix Inc., the Colorado Department of Revenue has argued that the historical definition of ...

A bill which would lessen the tax burden for business owners was approved by the Texas House on April 3. House Bill 9, ...

Over the years, Florida's sales factor sourcing methodology for sales of other than tangible personal property has been the ...

Although fighting amongst beneficiaries over tangible personal property is rare, it is still a good practice to include ...

In Texas, because these tangible assets help generate income, they are subject to business personal property tax. Only nine states levy a similar tax, which is sometimes called an “inventory tax.” ...