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Publication Straits Dissection /Page No. Business / Pg. B3DateThu, 20th Apr 2017Lead ArticleYesHeadlineReaffirming Focus On 5 Keys Pillars
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Business PG stands for Business Property Statement. It is a form that businesses in California must file to report their taxable business personal property.
All businesses in California that own personal property used in the operation of the business with a total cost of $100,000 or more are required to file a Business Property Statement (Form 571-L).
To fill out a Business Property Statement, businesses need to provide details about their personal property, such as its description, cost, and location. The form can be filed online or through mail.
The purpose of a Business Property Statement is to assist tax assessors in determining the value of a business's personal property for taxation purposes.
Businesses must report information about their personal property, including a detailed description, cost, acquisition year, and location of each item.
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