All About Business Personal Property Tax Preparation from Admin Services of America
From Google AI assisted search on 7-26-25
States with business personal property tax (BPP)
In the United States, most states levy a tax on business personal property (BPP), which includes movable assets used in commercial operations such as machinery, equipment, furniture, and fixtures. However, the specifics of BPP tax vary significantly between states and even between local jurisdictions within a single state.
The following states generally impose BPP taxes on businesses:
Oregon Rhode Island South Carolina Tennessee Texas Utah Vermont Virginia Washington West Virginia Wyoming
District of Columbia DC BPP FAQ - [ Click Personal Property tab ]
States that do not tax BPP or have minimal requirements
13 states currently do not tax business personal property or have minimal requirements. These states are:
Delaware Hawaii Illinois Iowa Minnesota New Hampshire New Jersey New York North Dakota Ohio Pennsylvania South Dakota
Wisconsin - Discontinued BPP filing requirements after 2023
Important Note: Even in states that generally do not tax BPP, local jurisdictions may still impose such taxes, or there may be other taxes or fees that apply to businesses.
Understanding BPP tax
Business personal property tax is a self-reporting tax where businesses file returns listing the tangible assets they possess as of a specific date (often January 1st).
These assets commonly include:
Furniture and fixtures Machinery and equipment Computers and office equipment Vehicles Inventory (in some states)
The taxable value of these assets is generally calculated based on their original cost, adjusted for depreciation over time, using depreciation schedules specific to each jurisdiction.
Exemptions
Many states offer exemptions or abatements for BPP taxes. Common exemptions include:
Small business exemptions Manufacturing exemptions Pollution control equipment exemptions Agricultural exemptions Non-profit exemptions Inventory exemptions (in some states)
It is crucial for businesses to be aware of the specific BPP tax regulations, filing requirements, and available exemptions in the jurisdictions where they operate to ensure compliance and avoid potential penalties. It is recommended to consult with a tax professional to ensure accurate reporting and optimize tax liabilities.
From Google AI assisted search on 7-26-25
Read more........Give Dave Wilkowske a call right now for an initial Business Personal Property (BPP) preparation and e-filing consultation at (651) 408-2586 and he will help you feel more relaxed about your business so you can focus on what you do best!
With over forty years of practical business experience our mission is "To help you grow your business so you can stay in business.™
