This form is a simple model for a bill of sale for personal property used in connection with a business enterprise. Adapt to fit your circumstances.
Personal Property Business Form For Ias Officers In Cook
Category:
State:
Multi-State
County:
Cook
Control #:
US-00167
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
If you have never received a Homeowner Exemption on your home, you will need to file an initial application. Exemption forms may be filed online, or you can obtain one by calling one of the Assessor's Office locations or your local township assessor.
These taxes resulted when the new Illinois Constitution directed the legislature to abolish business personal property taxes and replace the revenue lost by local government units and school districts.
Senior Citizens Homestead Exemption The maximum amount of the reduction in equalized assessed value is $8,000 in Cook County and counties contiguous to Cook County or $5,000 in all other counties.
Most senior homeowners are eligible for this exemption if they are 65 years of age or older (born in 1958 or prior) and own and occupy their property as their principal place of residence. Once this exemption is applied, the Assessor's Office automatically renews it for you each year.
Business Personal Property Tax is a tax assessed on tangible personal property businesses own. This type of property includes equipment, furniture, computers, machinery, and inventory, among other items not permanently attached to a building or land.
Who Must File? Individuals, corporations, partnerships, executors, administrators, guardians, receivers, and trustees that own or hold personal property in trust in the District of Columbia must file a DC personal property tax return.
Senior Citizen Homestead Exemption – Homeowners age 65 or older and living in their own home could be entitled to an additional homestead exemption. The homeowner should sign up for this exemption during the year in which he or she will turn 65. You will receive a renewal every year around January 1st.
A Maryland personal property return (Form2) must be filed by all sole proprietorships and general partnerships if they possess (own, lease, rent, use or borrow) business personal property or need a business license. A business which fails to file this return will likely receive an estimated assessment.
(b) A building is exempt from property taxation if it is owned, occupied, and used by a town, city, township, or county for educational, literary, scientific, fraternal, or charitable purposes. (C) is not used by the nonprofit entity to make a profit.
These taxes resulted when the new Illinois Constitution directed the legislature to abolish business personal property taxes and replace the revenue lost by local government units and school districts.
