January 19, 2006
East Tennessee > Proposed Tennessee Property Tax on Software
Nicholas Holland at CentreSource looks at potential problems with Tennessee's proposed business property tax on software. Via Chris Wage. The tax is a bad idea, and I hadn't even considered one of the problems Holland notes. Business property is on a depreciation schedule, but the depreciation schedule for software would have to be ridiculously short to reflect the software's real value.
Posted by lesjones
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Today Nicholas posted a good run-down of the legislation proposed in Tennessee that would apply property taxes to software. Needless to say, I am not a fan of this legislation.
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