Which, if any, of the following is a typical characteristic of an ad valorem tax on personalty?
A)Taxpayer compliance is greater for personal use property than for business use property.
B)The tax on automobiles sometimes considers the age of the vehicle.
C)Most states impose a tax on intangibles.
D)The tax on intangibles generates considerable revenue since it is difficult for taxpayers to avoid.
E)None of these.

Question

Quizplus · Accepted Answer

A typical characteristic of an ad valorem tax on personalty is that the tax on automobiles sometimes considers the age of the vehicle. The other options do not apply to all ad valorem taxes on personalty.

Which, If Any, of the Following Is a Typical Characteristic