Tax Type
Local Taxes
Property Tax
Description
Contractors; Tangible personal property
Topic
Local Power to Tax
Property Subject to Tax
Date Issued
04-04-1988
April 4, 1988
Dear********************
This will reply to your letter of February 12, 1988, in which you ask how the office equipment owned by contractors is classified for tax Purposes .
All of the tangible personal property of contractors, including office equipment, is subject to local taxation and should be reported on the local return of tangible personal property. Such property has never been included in the definition of the state intangible personal property tax.
Let me know if I may be of further assistance.
Sincerely,
W. H. Forst
Tax Commissioner
Rulings of the Tax Commissioner