Tax & Accounting Blog

Utah – Tangible Personal Property Exemption – Aggregate Value Increase (Utah Code 59-2-1115)

Utah – Tangible Personal Property Exemption – Aggregate Value Increase (Utah Code 59-2-1115)

For 2014, tangible personal property having a total aggregate fair market value of $10,000 or less per county is exempt from tax. If the aggregate taxable value of all tangible personal property owned by the legal entity is $10,000 or less, you are eligible to apply for an exemption. This exemption is based on ownership. … Read More