Spending too much time completing business personal property renditions? Increase your efficiency with this detailed walk-through.Find out if you're responsible for paying business personal property taxes on items like office furniture, printers, and supplies. Business Personal Property Tax is a tax assessed on tangible personal property businesses own. Clothing, vehicles, jewelry, and business equipment are examples of tangible personal property. Generally, "personal property" does not include building components. (e.g. A business in Illinois is subject to the Illinois corporation franchise tax, personal property replacement tax, and corporate income taxes. We'll walk through a short guide to how to prepare the property statement. Property used at least 3 months outside the city before its use in the city. Examples include office equipment, livestock, jewelry, toys, light trucks, and buses.
