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 ...

Learn More: Tangible Personal Property What do business owners need to know about nonpassive income and losses? Nonpassive income and losses are usually declarable and deductible in the year they ...

Senate Bill 32 would exempt up to $25,000 of businesses’ personal property, such as equipment, furniture and vehicles, from ...