License Tax

Commercial real estate license is analogous to compensating "use" taxes, which supplement taxes imposed on the sale of personal property. An annual tax that did not distinguish among long-term interests, short-term interests, and full fee ownership would raise a number of significant issues. When the underlying fee is held by the federal government, the levy could be challenged as an impermissible tax in substance upon that property, rather than upon use alone.  

This entry was posted by admin on February 19, 2008 at 8:42pm. It is filed under Home :: Real Estate.

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