situs for taxation

situs for taxation
A place within the jurisdiction of the taxing authority. For real property, the place wherein the property is situated. For a license tax, the place wherein the acts which require a license are performed. 51 Am J1st Tax § 441. For a personal property tax, the county, city, town, or other taxing district in which the owner lives or has his domicil, except as the property has acquired a definite situs elsewhere, or unless other provision is made by statute. 51 Am J1st Tax § 448. For a tax on intangibles, the domicil of the owner, except as intangible property may have lost that situs under an exception such as that of "business" or "commercial situs." 51 Am J1st Tax § 463. For a personal or poll tax, the domicil of the person taxed. 51 Am J1st Tax § 447.

Ballentine's law dictionary. . 1998.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • situs — The place of the occurrence or the location of property involved in an action. 16 Am J2d Confl L § I l. Location of property in a physical sense. Location of property in a legal or fictional sense, as the situs of personal property for taxation.… …   Ballentine's law dictionary

  • situs — ˈsī]d.əs, ˈsē] noun ( es) Etymology: Latin, place, site more at site 1. : the place where something exists or originates situs of a bodily function …   Useful english dictionary

  • intangible property — Rights not related to physical things, being merely relationships between persons, natural or corporate, which the law recognizes by attaching to them certain sanctions enforceable in the courts. Curry v McCanless, 307 US 357, 83 L Ed 1339, 59 S… …   Ballentine's law dictionary

  • deem — To judge; to determine or conclude upon consideration; to form a judgment. The word deem, as used in the federal statutes, providing that personal property of a serviceman shall not be deemed to have a situs for taxation in a state in which he is …   Ballentine's law dictionary

  • Conflict of property laws — Conflict of laws Preliminiari …   Wikipedia

  • Property (conflict) — In Conflict of Laws, the subject of Property Law follows the terminology of the civil law systems out of Comity. Hence, there are two types of property: * Immovables is the equivalent of real property in common law systems, i.e. it is land or any …   Wikipedia

  • corporate domicil — The situs or residence of a corporation belonging exclusively to the state or sovereignty under whose laws it is created. 18 Am J2d Corp § 159. A corporation is domiciled and has its residence in the state of its creation, although it engages in… …   Ballentine's law dictionary

  • commercial domicil — A domicil acquired by residence in a country for the purposes of trading. 25 Am J2d Dour § 12. A corporation is domiciled and has its residence in the state of its creation, although it engages in business elsewhere under local authority and has… …   Ballentine's law dictionary

  • Controlled Foreign Corporation — Taxation An aspect of fiscal policy …   Wikipedia

  • CONFLICT OF LAWS — (also called Private International Law) is a branch of the law dealing with the adjudication of a matter which involves some foreign element, for instance, the fact that one of the parties is a foreign citizen, or that the matter at issue arose,… …   Encyclopedia of Judaism

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”