Examples of Intangible Personal Property in a sentence
Intangible personal property may have more than one inheritance tax situs and be subject to multiple state inheritance taxa- tion.
Intangible personal property owned by a decedent domiciled outside Iowa may be subject to the Iowa inheritance tax and, therefore, includable in the gross estate if the physical evidence of the property has an Iowa situs or if the intangible property is an account or obligation of an Iowa financial institution.
Intangible personal property owned by a decedent domiciled outside Iowa is subject to the Iowa inheritance tax if the state of domicile does not grant an exemption or reciprocity to like intangible personal property owned by Iowa decedents, or does not impose a death tax on intangible property.86.5(5) Classification of property.
Intangible personal property taxes paid pursuant to30 chapter 199; 12 221;3 4.
Intangible personal property is employed in a business, trade, profession or occupation carried on in this state if such property's possession and control have been localized in connection with a business, trade, profession or occupation in Tennessee, so that the property's substantial use and value attach to and become an asset of such business, trade, profession or occupation.