As we near the beginning of 2014, many dealers have received the annual dealer inventory exemption notices from their county assessors. Please make sure that you complete the inventory list and application and return it to your county assessor in a timely manner. Salt Lake County requires that each page of your inventory you return, be signed and notarized. Please pay special attention to your county requirements, as each county can be somewhat different. If you have specific questions regarding your county requirements, please contact your county assessor.
A link (PDF) to the Salt Lake County notice is provided below.
2014 Dealer Inventory Exemption from Property Taxation Pursuant to Utah Code Ann. 59-2-1114 (Sup. 1991)
Monday, December 23, 2013
Friday, December 6, 2013
2014 Standard Mileage Rates for Business, Medical and Moving Announced
WASHINGTON — The Internal Revenue Service today issued the 2014 optional
standard mileage rates used to calculate the deductible costs of operating an
automobile for business, charitable, medical or moving purposes.
Beginning on Jan. 1, 2014, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
The business, medical, and moving expense rates decrease one-half cent from the 2013 rates. The charitable rate is based on statute.
Beginning on Jan. 1, 2014, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
- 56 cents per mile for business miles driven
- 23.5 cents per mile driven for medical or moving purposes
- 14 cents per mile driven in service of charitable
organizations
The business, medical, and moving expense rates decrease one-half cent from the 2013 rates. The charitable rate is based on statute.
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