Start Date
5-12-2019 2:30 PM
End Date
5-12-2019 3:30 PM
Description
Historically rent-to-own business property has been reported as personal property, and subject to ad valorem taxation in the State of Louisiana. However, rent-to-own businesses in Louisiana and other States have now challenged the status quo, and claim their business property is exempt from taxation. This panel will discuss the arguments being raised by rent-to-own businesses in Louisiana, and other States, and the challenges currently facing tax assessors in the assessment of rent-to-own personal property.
Recommended Citation
Weiler, Christian LL.M. and Williams, Erroll G. MBA, "Rent-to-own personal property: Is it taxable or exempt?" (2019). IAAO Annual Legal Seminar. 6.
https://researchexchange.iaao.org/legal/legal19/sessions/6
Rent-to-own personal property: Is it taxable or exempt?
Historically rent-to-own business property has been reported as personal property, and subject to ad valorem taxation in the State of Louisiana. However, rent-to-own businesses in Louisiana and other States have now challenged the status quo, and claim their business property is exempt from taxation. This panel will discuss the arguments being raised by rent-to-own businesses in Louisiana, and other States, and the challenges currently facing tax assessors in the assessment of rent-to-own personal property.