Businesses do not usually pay taxes on the personal property they own,use,or lease,including office or farm equipment and supplies.

Name: Businesses do not usually pay taxes on the personal property they own,use,or lease,including office or farm equipment and supplies.
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Question

Quizplus · Accepted Answer

Businesses are required to pay taxes on the personal property they own, use, or lease, including office or farm equipment and supplies. These taxes are known as property taxes and vary depending on the state and local tax laws.

Businesses Do Not Usually Pay Taxes on the Personal Property