Section 9-706. VALUATION

Latest version.

706.1In the case of a change in the taxpayer's organizational structure, any substituted basis of value other than the original cost shall not be used if the taxpayer's organizational structure or entity change embraces the same depreciable tangible personal property.

706.2Any tangible personal property that has been appraised by the Office shall be reported on the return at that appraised value for the tax year being appraised.

706.3Regarding the allowance for depreciation for subsequent years, the Office shall advise the taxpayer whether the depreciation shall be allowed on appraised tangible personal property depending on the circumstances surrounding the appraisal made.

source

Final Rulemaking published at 35 DCR 6014, 6020 (August 5, 1988).

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');