Income producing property definition

Income producing property means any real or personal property that generates income for the financial group. Examples of income-producing property are:
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Income producing property means a structure or site that is
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Income producing property means a structure or site that is used in a trade or business or to produce rental income.
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Examples of Income producing property in a sentence

  • Income producing property which annually produces income consistent with the fair market value is excluded even if used on a seasonal basis.

  • Where the property is owned by an individual or entity other than a governmental unit, it will be necessary for the taxpayer to annually file a 136 petition, Application for Property Tax Exemption, with the local County Auditor.After conferring with the Aeronautics Commission, the following rules are offered for your guidance in determining the extent of the exempt property.(1) Income producing property will be considered as non-exempt.

  • Income producing property, including residential housing for rent or sale.

  • Income producing property is a noncountable asset when it is essential to employment or self-employment, or when it annually produces income consistent with its fair market value.

  • The interviewee explains that there are no processes in use for development in this company.


More Definitions of Income producing property

Income producing property as used above means:
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Income producing property as used in this subdivision means the taxable property in
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Income producing property means any real or personal property that generates income for the financial group (see OAR 461-110-0530). Examples of "income-producing property" are:
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Income producing property means a property that is used in a trade or business or to produce rental income. A property is used in a trade or business if the property generates income.
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Income producing property means property that is not
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Income producing property means property that is not exclusively owner-occupied property and is owned for the purpose of generating income from the property itself, whether or not that property actually generates income in a particular year, and includes hotels and motels, parking garages and lots, senior and adult care facilities, and self-storage facilities, but does not include:
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Income producing property means a Commercial Mortgage Loan that produces positive annual EBITDA.
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