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BUSINESS PERSONAL PROPERTYPresented by the Oklahoma Tax Commission Ad Valor em DivisionARTICLE X SECTION 22 of the OKLAHOMA CONSTITUTION CLASSIFIES PROPERTY into THREE USES for AD VALOR EM TAXATION
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What is business personal?
Business personal refers to tangible assets used in a business operation, such as machinery, equipment, furniture, and supplies.
Who is required to file business personal?
Business owners are required to file business personal if they own tangible assets used in their business.
How to fill out business personal?
To fill out business personal, business owners need to list all tangible assets used in their business and their corresponding values.
What is the purpose of business personal?
The purpose of business personal is to assess the value of tangible assets owned by a business for tax and assessment purposes.
What information must be reported on business personal?
Business owners must report details of tangible assets such as descriptions, quantities, dates acquired, and original cost.
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