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CITY OF ANNISTON DECEMBER 12, 2016 5:30 P.M.INVOCATIONPLEDGE OF ALLEGIANCECALL TO ORDERLY RAILROADING/APPROVAL OF MINUTES OF PREVIOUS MEETINGSTAFF ADDITIONS/DELETIONS TO THE AGENDAADOPTION OF AGENDA.RECEIVE
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Fill in the details of the surplus property, such as the location, description, and condition.
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Specify the reason for declaring the property as surplus.
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Surplus ordinance - 1031 refers to a tax code that allows taxpayers to defer capital gains tax on the exchange of certain types of property.
Taxpayers who are involved in exchanges of like-kind property and wish to defer capital gains tax are required to file surplus ordinance - 1031.
Surplus ordinance - 1031 is typically filled out with the assistance of a qualified intermediary who specializes in facilitating like-kind exchanges.
The purpose of surplus ordinance - 1031 is to encourage investment and stimulate economic activity by allowing taxpayers to defer capital gains tax on exchanges of certain types of property.
Surplus ordinance - 1031 generally requires the reporting of details related to the exchange of like-kind properties, such as the properties involved and the exchange timeline.
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