Business Personal Property definition

Business Personal Property means tangible personal property, and machinery and equipment that a tax collector treats as personal property pursuant to ORS 311.549.
Business Personal Property means all furnishings, furniture, computer equipment, office equipment and supplies, vehicles, tooling, patterns, dies, jigs, machinery and equipment and other tangible personal property (other than Business Inventory and any items disposed of after the date hereof in the ordinary course of business) which is either (i) located on or utilized by Transferred Employees who work at any Purchased Owned Real Property or on any property that is the subject of the Assumed Real Property Leases or (ii) is owned and used primarily in the conduct of the Business.
Business Personal Property means tangible personal property of a depreciable nature used or held for use in any trade, business, professional practice, transaction, activity, or occupation conducted for profit, including all furniture and fixtures, apparatus, tools, implements, books, machines, boats, construction devices, and all personal property used or intended to be used for the production, processing, fabrication, assembling, handling, or transportation of anything of value, or for the production, transmission, control, or disposition of power, energy, heat, light, water, or waste. “Business personal property” does not include inventory, or goods and chattels so affixed to real property as to have become part thereof, and that are therefore not severable or removable without material injury to the real property, nor does it include poles, lines, and fixtures that are taxable under sections 3620 and 3659 of this title, nor does it include communications property taxable under section 3602b of this title.

Examples of Business Personal Property in a sentence

  • Business personal property values are derived from several sources.

  • Business personal property coverage carries a $1,000 deductible and has a $2,100,000 blanket business income limit.

  • Business Personal Property- Business personal property is appraised annually.


More Definitions of Business Personal Property

Business Personal Property means tangible personal property of a
Business Personal Property means any tangible personal property other than inventory and supplies that (i) is subject to ad valorem taxation by the taxing entity; (ii) is located on the property subject to Abatement; (iii) is owned or leased by the party to the Tax Abatement Agreement; (iv) was not located in the abatement zone prior to the effective date of the Tax Abatement Agreement; and (v) has an economic life of greater than ten years.
Business Personal Property means all Personal Property of IHS that is used, held for use or intended to be used exclusively in, or that arises exclusively out of, the conduct of the Business.
Business Personal Property means all Transferred Personal Property and any personal property owned by a Transferred Entity.
Business Personal Property means property used in the Member’s operations, other than Real Property including:
Business Personal Property means property used in the Member District’s operations, other than Real Property. Business Personal Property does not include:
Business Personal Property is defined as tangible personal property, materials, supplies, equipment, inventory, fixtures, or other personal property that are attributable to the Business Operations and located at the Premises and to the structures and uses present on the Property subject to ad valorem taxes, and that are not included in the definition of real property is Section 1.04(2) of the Texas Tax Code, as amended.