Posts Tagged ‘inventory’

Court Of Appeals Continues to Expand Inventory Exclusion

Friday, May 6th, 2016

The property tax exclusion for inventory keeps getting bigger. Traditionally, the exclusion was limited to property that was held for sale and not put to any other use.  But last year the North Carolina Court of Appeals ruled that the inventory exclusion applies to jet airplanes that are used for corporate trips so long as […]