CopyCited 16 times | Published | Court of Appeals for the Eleventh Circuit | 36 Fed. R. Serv. 3d 59, 1996 U.S. App. LEXIS 26472, 1996 WL 544020
...e
Collection pursuant to Florida Statute §
197.122, effective January
1, 1992.
The Trustee sought an administrative recharacterization of the
Collection as inventory held for sale and exempt from ad valorem
taxation under Florida Statute §
196.185.2 The County declined the
request, and on April 1, 1993, the tax assessment became delinquent
and the lien became enforceable.
On May 13, 1993, the Trustee commenced an adversary proceeding
1
Appellants'...
...gs Pending Ruling on
Motion for Certification of Question to Florida Supreme Court"
and "Motion for Certification of Question to Florida Supreme
Court" are denied.
2
"All items of inventory are exempt from ad valorem
taxation." Fla.Stat. § 196.185 (1989).
against the County seeking a determination that the ad valorem tax
assessment for the 1992 tax year was invalid and the related tax
lien was avoidable....
CopyCited 5 times | Published | Court of Appeals for the Eleventh Circuit | 1987 U.S. App. LEXIS 14459
...perations in Florida. Trailer Train’s railroad transportation property, (which is its rolling stock) consists solely of tangible personal property. On January 1, 1982, Florida totally exempted business inventory from ad valorem taxation Fla. Stat. § 196.185 (1981)....
CopyPublished | District Court of Appeal of Florida | 1985 Fla. App. LEXIS 12313, 10 Fla. L. Weekly 332
...ed: * * * * He * (b) Pursuant to general law tangible personal property held for sale as stock in trade ... may be valued for *468 taxation at a specified percentage of its value, may be classified for tax purposes, or may be exempted from taxation. Section 196.185, Florida Statutes, effective January 1, 1982, provides that “inventory” is exempt from ad valorem taxation....
CopyPublished | District Court, S.D. Florida | 1995 U.S. Dist. LEXIS 2391
...the 1992 tax year. Prior to the date the 1992 taxes became delinquent, William A. Brandt, Jr. (“Trustee”) sought a re-characterization of the Artwork as inventory held for sale and thus exempt from ad valorem taxation pursuant to Florida Statute § 196.185....
...n subject to avoidance. *293 The primary issue was whether the Artwork was “tangible personal property” 2 subject to ad valorem taxation, or whether the Artwork was “inventory” 3 and therefore exempt from taxation pursuant to Florida Statute § 196.185: The Trustee and County filed cross-motions for summary judgment in July 1998 as the facts in this case were not in dispute....
...ts presented to the Court, the Court finds that the Artwork was indeed “inventory” of Debtor’s Chapter 7 estate as of January 1, 1992, the effective date of the tax assessment. Therefore, it was exempt from taxation pursuant to Florida Statute § 196.185....
...Bankruptcy Court’s Order Granting Plaintiff’s Motion for Rehearing, dated December 8,1993, is hereby AFFIRMED in its entirety. 2. Bankruptcy Court’s Final Judgment and Findings of Fact and Conclusions of Law, dated January 4, 1994, is hereby AFFIRMED in its entirety. DONE AND ORDERED. . Florida Statute 196.185 provides: "All items of inventory are exempt from ad valorem taxation.” ....
