Form 901 Business Personal Property Rendition

Instructions and help about Form 901 Business Personal Property Rendition

hi I'm Jason art from the city councilman for the 4th district the Fort Wayne today I want to talk about business personal property tax with you a couple years ago I introduced the ordinance that would adjust the that our tax structure we go through the what we call the Coe it councils of the county option income tax Council of a state basically designate who's gonna control the income tax and other tax matters in the state and for Allen County it's the City Council City Fort Wayne so what my ordinance would have done or a resolution would have done is basically provide an exemption for all new investments in business equipment which we call business personal property so currently if you buy a lathe or CNC equipment or some sort of any kind of business equipment you pay business personal property tax and in Allen County that's about three point three percent we're gonna do some examples we'll just use three percent because it's a nice round number so let's say that you were to buy a pi