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LSDefine

Simple English definitions for legal terms

Tangible personal property

Read a random definition: admission tax

A quick definition of Tangible personal property:

Tangible personal property refers to things that you can touch and move around, like cars, furniture, and appliances. It is different from real estate, which is land and buildings that cannot be moved. In some places, you have to pay taxes on tangible personal property, which means you have to give some money to the government based on the value of the things you own.

A more thorough explanation:

Tangible personal property

Tangible personal property refers to physical items that can be touched or moved, such as cars, furniture, jewelry, household goods, and business equipment. This type of property is subject to property taxes in many states, in addition to taxes on land and buildings. These taxes are usually collected by local governments and regulated at the state level.

  • A car
  • A couch
  • A computer
  • A refrigerator

These examples illustrate tangible personal property because they are physical items that can be touched and moved. They are not permanently attached to a single location, unlike real estate or land. In some states, these items are subject to property taxes, which means that their owners must pay a fee to the government based on their value.

Intangible property

tangible employment action | target witness

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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