60 percent OK big hurdle for tax amendment Jan 27, 2008
Giving businesses a $25,000 exemption from the tangible personal property tax that would be similar to the $25,000 homestead exemption. The savings don't come without a cost. (The Palm Beach Post)
Voters will decide Amendment 1 Tuesday Jan 25, 2008
In response to that, an amendment was drafted that increases homestead exemption, allows accrued savings under the Save Our Homes 3 percent cap on tax increases to be applied to new home purchases, adds an exemption for businesses on the taxes they pay on tangible personal property and caps property tax increases on nonhomestead property at 10 percent. Just how much has Bradford County's spending grown over the years. (Bradford County Telegraph, FL)
Governor Promotes, Firefighters Rally Against Amendment 1 Jan 25, 2008
Tangible Personal Property: Exempts the first $25,000 in value ... Tangible Personal Property: $934. (News4Jax.com, FL)
How will you vote on Amendment One? Jan 25, 2008
Each tangible personal property tax return is eligible for an exemption from ad valorem taxes of up to $25,000 of assessed value. This exemption does not apply to a mobile home that is presumed to be tangible personal property. (Bradford County Telegraph, FL)
Florida's property-tax amendment: Questions and answers Jan 23, 2008
A. The amendment does four things: It increases the homestead exemption for residential property that applies to all tax levies except schools; it allows homesteaders to transfer up to $500,000 of their Save Our Homes benefit to another home; it creates a new $25,000 tax exemption on tangible personal property for businesses, which mostly means office equipment; and it limits future assessment increases on nonhomesteaded property to 10 percent, excluding school taxes. Related links. (Orlando Sentinel -- Opinion)
John Glisch: Calling P.T. Barnum Jan 21, 2008
183 Exemption for tangible personal property ... (1) Each tangible personal property tax return is eligible for an exemption from ad valorem taxation of up to $25,000 of assessed value ... A single return must be filed for each site in the county where the owner of tangible personal property transacts business. (Florida Today)
Amendment 1 entices business owners Jan 20, 2008
I'll be under that cap," said Don Copeland, owner of Blue Angel Mortgage in Pensacola, indicating he'd be exempted from Tangible Personal Property tax entirely if Amendment 1 passes. "With all the expenses a small business faces, a couple hundred dollars is not a small deal. "Copeland supports Amendment 1 because he thinks its portability and increased homestead exemption provisions will be good for the real estate market, and thus his business. But the direct benefits from passage are... (Florida Today)
Weather halted work on a Maronda Homes construction site Saturday on Mulberry Drive. The proposed property tax Amendment 1 to be voted on in the Jan. 29 primary has the potential to raise the states current homestead exemption from $25,000 to $50,000 on a home that is valued at $75,000 or more. JASON MATTHEW WALKER/Lake City Reporter Jan 20, 2008
Tangible personal property. The assessments for tangible personal property, which is property owned within a small business, such as office equipment and furniture and operational equipment, or other qualifying personal property, will feature a $25,000 exemption ... Crews said the first $25,000 will be exempted on all tangible personal property except mobile homes that are classified as. (Lake City Reporter, FL)
Vote yes to property tax reform Jan 19, 2008
Also, individuals will have an exemption of $25,000 of tangible personal property. There are many small businesses that this would benefit. (Florida Times-Union)
Crist says tax relief will lift real estate Jan 15, 2008
The amendment also would cap assessments of non-homesteaded properties at 10 percent a year and give businesses a $25,000 exemption from the tangible personal property tax. Using sports analogies throughout his speech in West Palm Beach, Crist emphasized that the amendment is only a first step. (The Palm Beach Post)
Property tax amendment splits voters Jan 14, 2008
Helps businesses by allowing an exemption from property taxes of up to $25,000 of assessed value of tangible personal property, such as office furniture, computers, machinery and equipment. About 82 percent of business owners won't even have to file returns. (The St. Augustine Record)
Early voting gets under way Monday Jan 13, 2008
Extend property-tax exemptions for owners of homestead properties -- those claimed as primary residences -- and create an exemption for tangible personal property, which includes things like business furniture and computers. It would also limit annual increases to assessed values for certain non-homestead properties, including businesses, second homes and most rental properties. (Daytona Beach News Journal)
Property tax amendment proposal to be included on primary ballot Jan 13, 2008
For non-homestead property, the proposed amendment suggests providing a $25,000 exemption for tangible personal property and limits assessment increases for specified non-homestead real property, except for school district taxes. Columbia County Property Appraiser Doyle Crews said if the amendment passes, the average Columbia County homeowner with a home valued at $75,000 or more would save about $240. (Lake City Reporter, FL)
As clear as mud Jan 12, 2008
- Allow a tangible personal property tax exemption of $25,000 for businesses ... With respect to non-homestead property, this revision (3) provides a $25,000 exemption for tangible personal property and (4) limits assessment increases for specified non-homestead real property except for school district taxes ... (3) Authorizes an exemption from property taxes of $25,000 of assessed value of tangible personal property. (Florida Times-Union)
Residents learn about ballot items Jan 6, 2008
Whether there should be a constitutional revision that would change state property taxes by 1) increasing homestead exemption, 2) making "Save Our Homes" portable,3) providing a $25,000 exemption for tangible personal property and 4) limiting increases of assessed values of non-homestead properties. Whether Brevard County should be authorized to cap the growth in ad valorem tax revenue. (Florida Today)
What approval would mean Jan 5, 2008
Create a new tangible personal property tax exemption of 25,000 for business owners would provide savings similar to homesteading for non-homesteaded properties. The Save Our Homes constitutional amendment caps the annual property assessment on a primary residence at 3 percent. (Florida Keys Keynoter)
County continues fireworks ban Dec 29, 2007
Next, the commissioners held a public hearing regarding the adoption of an order to tax tangible personal property used for commercial purposes, such as goods for resale, that are in transit or in storage temporarily in the county. Changes made in the Texas Tax Code during this year s legislative session exempts this property from ad valorem taxes unless the county acted prior to Dec. 31. (Boerne Star, TX)
Managing the EMS Shortfall Dec 27, 2007
The bill defines goods in transit as tangible personal property stored in a location whose owner did not have direct or indirect ownership of the property. The property may be held at that location for no more that 175 days before being forwarded to another location in Texas or outside the state. (Fort Stockton Pioneer, TX)
Tax plan OK could hammer region Dec 23, 2007
First, businesses would receive a new $25,000 exemption for tangible personal property, such as computers, machinery and farm equipment. Businesses are taxed for this type of property at the same rate that residential and commercial properties are taxed. (The Palm Beach Post)
Jan. 29 election will have 'something for everyone' Dec 13, 2007
Also, with respect to non-homestead property, the revision would provide a 25,000 exemption for tangible personal property and limit assessment increases for specified non-homesteaded real property, except for school district taxes. Voters who have questions about the proposed property-tax amendment should log onto Orange County Property Appraiser Bill Donegan's Web site. (Winter Garden West Orange Times, FL)
Estimated cut from property tax amendment reduced by 25 percent Dec 9, 2007
A final provision in the amendment would give businesses a $25,000 exemption on equipment and other tangible personal property. (Copyright 2007 by The Associated Press. (WSVN-TV Miami, FL)
More of this story Dec 6, 2007
A new exemption of 25,000 on tangible personal property would be allowed for homeowners and businesses ... These homes pay for a mobile home decal instead of a regular property tax, but pay a tangible personal property tax for any improvements attached to their dwellings. (Bartow Polk County Democrat, FL)
Council tables Citizen Advisory Committee for the second time Dec 6, 2007
The Council also approved an ordinance adopting provisions to tax tangible personal property in transit. In another matter the Council approved a settlement agreement between the City of Frisco and Roger Lawler in three long term cases that involves land along Coit Rd.. (McKinney Courier-Gazette, TX)
Council to appoint members to a new Citizen Advisory Committee Dec 5, 2007
The council will also consider an ordinance adopting provisions to tax tangible personal property in transit. Another matter before the council will be to consider and act upon a Settlement Agreement between the City of Frisco and Roger Lawler in four cases involving Roger Lawler and the City of Frisco. (McKinney Courier-Gazette, TX)
City to continue inventory tax 11-28-2007 Nov 29, 2007
On first reading Tuesday night, the city council voted to continue taxing tangible personal property temporarily stored in warehouses to keep from having to raise local taxes. City Manager Greg Ingham said it was historically known as the inventory tax. (Plainview Daily Herald, TX)
Navasota Council seeks options for city hall Nov 29, 2007
After a lengthy discussion, the council voted to opt out of the Super Freeport taxation of tangible personal property in transit, so that they will still be taxed items. According to Stafford, many other cities are doing the same. (Navasota Examiner, TX)
Council hits brakes on red light camera committee appointments Nov 24, 2007
The council also tabled an item to act upon an Ordinance Adopting Provisions to Tax Tangible Personal Property in Transit. This deals with a Super Freeport exemption as a local option property tax exemption. (McKinney Courier-Gazette, TX)
CISD approves track contractor Nov 21, 2007
Approved a resolution to keep taxing tangible personal property in transit, which would otherwise be exempt under HB 621. Increased the designated fund balance in object code 3510 by 1. (Columbus Colorado County Citizen, TX)
County sets hearing on taxing 'goods in transit' Nov 16, 2007
The Attorney General of Texas' office defines goods-in-transit' as tangible personal property that is detained at a location in this state in which the owner of the property does not have a direct or indirect ownership interest. House Bill 621 passed by the Texas legislature this year adds a new section to Chapter 11 of the Tax Code which provides a new exemption from ad valorem taxation for goods-in-transit. (Cameron Herald, TX)
School board advance 11-14-2007 Nov 15, 2007
Consideration of approval of a resolution to tax tangible personal property in transit. Consideration of approval of Weighted Average Daily Attendance to various school districts and Region 17. (Plainview Daily Herald, TX)
Lafayette lifts some water restrictions Nov 14, 2007
Fleetwod will still pay the full tax rate on their tangible personal property, and Mayor Wells explained that this personal property tax will be higher due to the manufacturer putting equipment back in the building. Fleetwood is expected to be in full operation by mid-December. (Lafayette Macon County Times, TN)
County voters conservative on state issues Nov 10, 2007
This amendment to the state constitution allows veterans who were wounded in combat and as a result have a disability rating of 100 percent to exempt all real or tangible personal property from ad valorem taxation. The measure passed with 84 percent of Wilco voters in favor. (Cedar Park Hill Country News Weekender, TX)
Fleetwood plant to open in mid-December Nov 7, 2007
We're not giving away the farm' in making this agreement with Fleet wood, asserted County Mayor Shelvy Linville, who noted that while the city and county will not get tax payments on the property, they will now get tangible personal property taxes on the real assets of the manufacturing facility. We give up some tax property revenue, but recover much of that in the tangible personal property taxes that they would not be paying if the plant remained idle, Linville said. (Lafayette Macon County Times, TN)
Tax challenges loom Nov 4, 2007
n Tangible personal property tax exemption. Businesses get a break on the taxes they pay on equipment. (Pensacola News Journal)
No fun to watch Nov 3, 2007
- Tangible personal property exemption of $25,000. - A 10 percent cap on assessments for non-homesteaded property, excluding school taxes. (Florida Times-Union)
Crist in PSL on tax-reform victory tour Oct 31, 2007
Give business owners a $25,000 exemption on "tangible personal property" bills, saving them about $425. Cap assessment increases on non-homesteaded properties at 10 percent annually, but only for the non-schools portion of tax bills. (The Palm Beach Post)
New property tax bill passes, now goes to voters Oct 30, 2007
- Give business owners a $25,000 exemption, worth as much as $425, on their "tangible personal property" tax on office equipment. - Cap assessment increases on non-homesteaded properties at 10 percent each year, but only toward non-school taxes. (The Palm Beach Post)
New Property Tax Relief Plan Ready For Ballot Oct 30, 2007
Grants a new $25,000 exemption for "tangible personal property," which is mostly equipment owned by businesses. Limits the annual growth of taxable value for non-homestead properties, such as businesses, to 10 percent a year. (News4Jax.com, FL)
Police have hands full after 10 days of violent crimes Tax cut gets OKto go to workers Oct 30, 2007
Provide $25,000 exemption for tangible personal property such as business computers and furniture. Cap annual assessment increases for nonhomestead properties such as businesses and second homes at 10 percent. (Daytona Beach News Journal)
Senate reveals final tax proposal Oct 29, 2007
Exempt $25,000 in tangible personal property. Source: Florida Senate. (St. Petersburg Times)
Tax plan may violate constitution Oct 28, 2007
(2) Tangible personal property other than property being held as an investment. (3) Intangible personal property. (Indianapolis Star)
Debate over no taxation Oct 25, 2007
After a lengthy debate, Navasota City Council members unanimously voted to table their decision concerning whether or not to continue taxation of tangible personal property in transit. The 80th Legislature enacted House Bill 621, which automatically exempts oods in transit from taxes, unless a proposed ordinance is adopted. (Navasota Examiner, TX)
House, Senate have till Monday to meld tax plans Oct 24, 2007
House and Senate versions are alike in handling affordable housing, tangible personal property, waterfronts used for commercial fishing and public access and requiring counties to have elected property appraisers. Each also allows property owners to carry exemptions with them when they move -- an arrangement called "portability." The plans allow property owners to transfer 100 percent of their Save Our Homes benefit when relocating to a homestead of equal or greater value. (Daytona Beach News Journal)
Legislature fails again on tax relief (6:10 am) Oct 23, 2007
Businesses would also reap a $25,000 exemption on the taxes they pay for equipment and other tangible personal property. . (Pensacola News Journal)
Frustrated lawmakers take breather Oct 19, 2007
Also, lawmakers and Crist agree on providing a $25,000 exemption in the state's "tangible personal property tax," which is collected on such things as business equipment. The exemption could allow many small businesses to avoid paying the tax. (Daytona Beach News Journal)
Businesses among likely tax-relief losers Oct 17, 2007
One of those measures would provide a $25,000 exemption on the "tangible personal property tax," which businesses pay on such things as equipment ... In 2007, businesses filed 1,235,000 tangible personal property-tax returns, and about 1 million of them owed less than $25,000. (Daytona Beach News Journal)
Court Rejects Bid for Return of $1 Million Paid to Suspended Attorney Oct 17, 2007
Even before the code permitted sale of a practice, an attorney was permitted to sell tangible personal property associated with his or her practice, the judge said. And attorneys in a firm may purchase the interest of a withdrawing partner, Austin wrote. (Law.com)
Tax plan could cost schools Oct 16, 2007
""There is no deal," Rep. Jack Seiler, D-Wilton Manors, said.Wayne Blanton, executive director of the Florida School Boards Association, vowed to hold lawmakers to their promise not to harm education. Voters will be reminded of that in the next election year, he said."The Legislature has said it's going to hold us harmless and that there is going to have to be a new revenue source," he said.The proposal calls for doubling the current $25,000 homestead exemption, making Save Our Homes assessment... (Florida Today)
Property Tax-Cut Package May Cost Schools $2 Billion Oct 16, 2007
" But the plan attracted no opposition from schools during the Senate panel's hearing. Connie Milito, lobbyist for Hillsborough County Public Schools, said she believes the assurances from lawmakers that, somehow, they will find the money to fully fund K-12 education. "We take them at their word. " State Trumps Local Cities and counties were less sanguine about the tax plan, which, if approved by voters in January, would write into the state Constitution a limit on local governments' ability to... (Tampa Bay Online, FL -- News)
State leaders pushfor property tax plan Oct 16, 2007
Tangible Personal Property Exemption* - Provides a $25,000 exemption for each tangible personal property return. Applies to all taxes. (Daytona Beach News Journal)
Michael Peltier: Property taxes expectations lowered Oct 15, 2007
Small business owners would be exempt from tangible personal property taxes. But instead of a homestead exemption topping off at $195,000 on a $500,000 home, homeowners will get at best a $50,000 exemption that wont apply to school tax levies. (Naples Daily News)
Governor lays out special-session agenda Oct 13, 2007
Exempting tangible personal property for small business owners. Eliminating property taxes for low-income seniors. (Orlando Business Journal)
Simpler Tax Overhaul Proposed Oct 11, 2007
" In addition to doubling the homestead exemption, which lowers the taxable value of a home, and providing portability of the "Save Our Homes" protection, Crist's plan would create a new exemption for first-time homebuyers equal to 25 percent of the market value of the property. It would also exempt the first $25,000 of the tangible personal property of businesses. Crist's proposal would trim $6.3 billion from the collections of counties, cities, and other local taxing districts, with school... (Tampa Bay Online, FL -- News)
Crist seeks to extend session to get tax issue fixed Oct 10, 2007
For businesses, the plan would provide a $25,000 tax exemption on tangible personal property. That relates to a tax levied on such things as office equipment. (Daytona Beach News Journal)
City blocks commercial tax break Bill Oct 3, 2007
In other words, tangible personal property in transit which would otherwise be exempt under HB 621, will now be subject to applicable taxes. The bill is similar to the Freeport Exemption, said Mitchell, but has a potentially larger impact. (Columbus Colorado County Citizen, TX)
More of this story» Oct 3, 2007
Service contract services in which the seller, in exchange for the buyer's single payment, agrees to provide repair, maintenance, or replacement of 1 or more items of tangible personal property during a specific period of time, which services the buyer is not required to buy in connection with the purchase of tangible personal property. Security system services. (Niles Star, MI)
Proposed constitutional amendment issues Sep 16, 2007
Small-business owners would get a $25,000 Tangible Personal Property Exempton. 5. (Florida Times-Union)
Investors facing defaults Sep 6, 2007
30-day news archives. When this over-supply became apparent and prices began to fall, many of these investors simply walked away from their mortgages. (Florida Today)
Your views: Ready for rebellion Sep 6, 2007
30-day news archives. "State Farm cancelled our exterior townhome protection policy, and Travelers cancelled my interior policy.State Farm is eager to expand their auto insurance coverage, but wants no part of homeowners coverage. Ditto Travelers, which is affiliated with GEICO.Will Gov. Crist and lawmakers tell them, Nationwide and others, "If you want to write auto insurance in Florida, you must also write homeowners"?I do not think so, because the politicians are in their pockets so deep that... (Florida Today)
County to continue taxing warehouse goods 08-28-2007 Aug 29, 2007
Hale County commissioners approved by a 5-0 vote Monday morning to continue to tax tangible personal property in transit. In an interview following the regular meeting, County Judge Dwain Dodson explained that the vote simply allowed the county to continue to do what it had done in the past. (Plainview Daily Herald, TX)
County puts sales-tax proposition back on ballot for February 2008 Aug 16, 2007
25%) upon all persons engaged in the business of selling tangible personal property at retail in the county of gross receipts from the sales made in the course of their business to be used for transportation purposes. Colwell said that after talking with local road commissioners and listening to residents after the election, he discovered that many people simply did not understand the proposal for the sales tax despite the issue being discussed at 20 different town meetings throughout the county... (Olney Daily Mail, IL)
Rockwood eatery singled out by state for tax delinquency Aug 12, 2007
Sales tax applies only to tangible personal property, but food sold at grocery stores and clothing are exempted from the tax, Weyant said. Service businesses, including car washes and Laundromats, are not required to collect sales tax. (Somerset Daily American, PA)
NFIB backs constitutional amendment Aug 10, 2007
The is supporting Florida's proposed constitutional amendment that would increase the homestead exemption and provide a $25,000 exemption on tangible personal property taxes. A recent NFIB/Florida survey of its members found that 73 percent of those taking a position on the question favored the amendment. (Jacksonville Business Journal, FL)
No state sales tax on Friday and Saturday Aug 3, 2007
The Louisiana Sales Tax Holiday provides an exemption, statewide, from state sales tax on the first 2,500 of the purchase price of most individual items of tangible personal property for non-business use ... In addition, the state sales tax holiday will not apply to purchased of "taxable services" - hotel occupancy; amusement, recreational and athletic admissions; repairs to tangible personal property; laundry, cleaning, pressing and dyeing services; vehicle parking; the furnishing of cold... (New Iberia, LA)
Time to Take a Sales-Tax Holiday, Just Not in Hawaii Aug 2, 2007
The first $2,500 of tangible personal property for nonbusiness use is exempt from state sales taxes. Parishes may or may not also be exempting their sales tax. (Fox News)
