Emotions run high at Lehigh County 'wealth tax' hearing

With looming budget holes that won’t be filled by the current property tax system, the Lehigh County Board of Commissioners ...

‘Wealth tax’ divide: Lehigh County hearing on proposed tax draws range of reactions

Speakers Wednesday night described how a proposed “Intangible Personal Property Tax” could impact Lehigh County residents.
JD Supra

Court Holds That Devise Of “Personal Property” In A Will Included Tangible And Intangible Property, Including Money In Bank Accounts

In In re Estate of Debra E. Hunt v. Arabia Vargas, a trial court granted summary judgment interpreting a will to devise a large share of the testatrix’s personal property to her life partner. No.
Law

The Slow Expansion of Conversion Claims To Cover Intangible Property

While a claim of conversion has grown to extend beyond tangible property to keep up with computerized use, courts are still grappling with how far to extend the tort. In their Commercial Division ...
Oil

Oilfield business personal property

IN GENERAL, personal property tax valuations are likely two to five times too high for equipment. For oilfield equipment, personal property tax valuations are typically four to 10 times the correct ...