Presentation - Property Tax Rules Committee - Idaho Association Of County Assessors 105th Annual Conference Page 14

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Rule 627 - Property Exempt From Taxation -- Certain Personal
Property – Ownership clarification
(63-602KK)
(HB29a)
Original desire was to delete the common
enterprise tie-in to IRC Section 267 and replace it
with the common legal phrases “consanguinity”
and “affinity” to define familial relationships.
The bill was amended to leave Section 267 in
the Code to describe common enterprise
relationships.
In the process, the word taxpayer was replaced
by the word person so the Rule 627 is being
amended to reflect this change.
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