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 Taxes In Hillsborough
Category:
State:
Multi-State
County:
Hillsborough
Control #:
US-00167
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Yes, since you were still in business on January 1, you are required to file a tangible personal property tax return. Report all business tangible personal property as of January 1.
WHICH STATES DO NOT TAX BUSINESS PERSONAL PROPERTY? North Dakota. South Dakota. Ohio. Pennsylvania. New Jersey. New York. New Hampshire. Hawaii.
Qualifications. At least one owner is 65 years of age or older on January 1. The residence must also receive homestead exemption.
Where to Report Personal Property on Your Taxes. Claim the itemized deduction on Schedule A – State and local personal property taxes (Line 5c). Taxes you deduct elsewhere on your return — like for a home office or rental — don't qualify for this deduction.
A Business Tax Receipt is required for anyone conducting business in Hillsborough County.
The Property Appraiser establishes the taxable value of real estate property. The millage, or rate of taxation, is set by the Board of County Commissioners, School Board, City Council and governing bodies of other independent special taxing districts and authorities.
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.
