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VIC1 MARCH 20, 2023MEMORANDUM TO:MAYOR AND CITY COMMISSIONFROM:CITY ATTORNEYS OFFICEDATE:March 20, 2023RE:Equipment Lease Purchase Agreement for Elgin Street Sweepers with Leasing 2, Inc. and Related
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March 20 RE Equipment refers to a specific reporting form used by certain businesses to report their personal property and equipment for tax assessment purposes.
Businesses and organizations that own personal property or equipment that is subject to taxation are required to file the March 20 RE Equipment.
To fill out March 20 RE Equipment, individuals should provide details about their owned equipment, including descriptions, acquisition dates, costs, and current estimated values, as instructed on the form.
The purpose of March 20 RE Equipment is to assist tax authorities in assessing the value of personal property and equipment owned by businesses for taxation purposes.
Information that must be reported includes the type of equipment, its acquisition date, cost, estimated current value, and any applicable depreciation.
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