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    Tax Reform FAQs: Business Owners

    Are there any new benefits for businesses?

    Business enterprises will benefit from the rollback of tax rates to 2006 levels, in that these reductions apply to Tangible Personal Property (TPP) such as computers and office furniture. A $25,000 exemption on business equipment such as computers, office furniture and fixtures is available for 2008.  To receive this benefit you must file your Tangible Personal Property Tax Return by April 1st.

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    How can I check on changes to my business taxes?

    A Notice of Proposed Property Taxes was mailed to all businesses on August 22, 2007. Please review this Notice to see how the 2007 tax reforms have affected tangible personal property taxes.

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