Re: Brinks Home Security Gets Caught Stealing From Its Customers

[G. Morgan <no_em@xxxxxxxxxx>]

Crash Gordon wrote:

>I don't get the "property" tax issue at all.


http://www.poconnor.com/article.asp?id=30

"What is Business Personal Property?
The Texas Property Tax Code 1.04 (5) defines tangible personal property as
property that can be seen, weighed, measured, felt, or otherwise perceived by
the senses, but does not include a document or other perceptible object that
constitutes evidence of a valuable interest, claim, or right and has no
negligible or intrinsic value. Examples of tangible personal property, or
business personal property, include equipment, furniture, computers, and
inventory. Business personal property would not include accounts receivable,
stocks, bonds, notes, franchise agreements, licenses, permits, certificates of
deposit, insurance policies, pensions, contracts and goodwill."

It's my guess that Binky wants it both ways.  They want to retain ownership of
the equipment (therby leasing the equipment to the end user) -- but -- they
want the end user to pay the BPP (Business Personal Property) tax too (the
owner pays the tax).



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"Newspaper claims car thief transformed into a goat"
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