Identify the tax issue or issues suggested by the following situations, and state each issue in the
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Company B, which has offices in six states, owns an airplane that company executives use to travel from office to office. When the plane is not in use, it is stored in a hangar located in a jurisdiction that doesn’t levy a personal property tax on business tangibles. When the plane is in use, it is stored on a temporary basis in hangars located in jurisdictions that tax business tangibles.
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Principles Of Taxation For Business And Investment Planning 2016 Edition
ISBN: 9781259549250
19th Edition
Authors: Sally Jones, Shelley Rhoades Catanach
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