Welcome to our home for businesses. We designed it to provide easy access to tax information, filing and payment resources, and popular business topics.A new corporate tax applies to corporations and banks, other than federal S-corporations, that do business in New York City. Line 121a: Tangible personal property rented from others. Enter the value of tangible personal property rented to the business. Business Personal Property Tax is a tax assessed on tangible personal property businesses own. Tangible personal property tax exemptions for small businesses is a highly economical way of reducing taxpayer compliance burdens. Acquired (Age of Asset) and Historical. To file for a new business registration, you will need to submit the appropriate business forms: To file as a single proprietor, the Blumberg form is X201. If you are a new business personal property owner in West Hartford please fill out the New Business Personal Property Affidavit.