Who actually owns this 1,000 gallon propane tank?
On 9/30/2013 10:52 PM, Alex Gunderson wrote:
On Mon, 30 Sep 2013 21:26:30 -0400, Ed Pawlowski wrote:
REAL PROPERTY in CALIFORNIA:
"Tanks, butane, propane and water softener, unburied but which remain in place,
except household"
So, it's pretty clear. The "industry" feels that propane tanks in California
are "personal property" (and so do some states, such as NJ); but the state
of California is pretty clear that it's "real property" (and they tax it
accordingly, as improvements).
Comes down to money. Probably made it real property just for the tax
purpose.
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