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Taxable Situs

The location where charges may be levied upon PERSONAL PROPERTY by a government, pursuant to provisions of its tax laws.

The situs of property for tax purposes is determined on the basis of whether the state imposing the tax has adequate contact with the property it is seeking to tax so that the particular tax is justified in fairness. Ordinarily personal property has its taxable situs in the place where its owner is domiciled or in the state where the owner has a true, fixed, and permanent home.

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