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State exemptions vary from strict to generous. For example, Texas is more lenient in allowing your homestead and up to $60,000 in personal property. [1] Texas also exempts certain investments and insurance policies. Other states, such as Arizona, are more strict and may exempt only $150 in a checking account comparatively speaking.
Transaction privilege tax (TPT) refers to a gross receipts tax levied by the state of Arizona on certain persons for the privilege of conducting business in the state. TPT differs from the "true" sales tax imposed by many other U.S. states as it is imposed upon the seller or lessor rather than the purchaser or lessee.
Missouri imposes a sales tax upon all sales of tangible personal property, as well as some "taxable services"; [138] it also charges a use tax for the "privilege of storing, using or consuming within this state any article of tangible personal property." [139] The state rate, including conservation and other taxes, is 4.225%, and counties ...
Arizona. Arizona levies a ... Residents ages 65 and older are eligible to add $1,000 to the $3,200 personal exemption allowed by the state and to take the pension exclusion, which rose to $39,500 ...
Proposition 130 would restore property tax exemptions for veterans with disabilities and protect existing exemptions for other groups.
Direct pay permits are generally used by manufacturers that purchase tangible personal property for resale and their own use. They usually require the seller to exempt the purchases and pay use tax upon removal from inventory. Manufacturers will either use an exemption certificate or will rely on a state issued direct pay permit/agreement.
Additional Homestead Property Tax Exemption for Certain Public Service Workers Amendment Provide an additional homestead tax exemption on property owned by certain public service workers . (Includes teachers, law enforcement officers , emergency medical personnel, military personnel, Florida National Guard and child welfare service employees.)
Arizona Proposition 207, a 2006 ballot initiative officially titled the Private Property Rights Protection Act, requires the government to reimburse land owners when regulations result in a decrease in the property's value, and also prevents government from exercising eminent domain on behalf of a private party.