§ 42-19101 – Extension and levy of tax
42-19101. Extension and levy of tax The rate of tax to be extended and levied against the personal property is the rate established pursuant to section 42-17151 in the taxing jurisdiction where the property is located.
§ 42-19103 – Proration of tax on property that is leased or rented from inventory
42-19103. Proration of tax on property that is leased or rented from inventory The taxes that are levied on personal property that is periodically leased or rented from the inventory of retailers or wholesalers assessed pursuant to section 42-19005 shall be prorated by three hundred sixty-fifths to be determined by the number of days the […]
§ 42-19106 – Lien of taxes
42-19106. Lien of taxes A. The tax that is levied against personal property is a lien against the property and is prior and superior to any other liens of every kind and description regardless of when another lien attached. B. The lien shall not be discharged until the taxes are paid or the title to […]