Form 14242 for Salt Lake Utah 2024-2025

Form 14242 for Salt Lake Utah: What You Should Know

These exempt programs are: Title 4, Division 12, Section 1203.01, “Tax-Exempted Properties and Interests,” which applies to real property, buildings and all other nonresidential  property not otherwise subject to taxation by California. The “Los Angeles Tax Code,” which is part of the Los Angeles County Code. It provides the basic structure  for all city-wide tax incentives and includes the Tax Code Amendment (Part B), Property Tax Exemptions (Part C), and the Municipal Government Tax Exemptions (Part E). Each of these tax  exceptions are explained on this page. Forms and Instructions (PDF) — IRS For example, if you are located in Los Angeles County and you own real estate, you may have received an LCA for the purpose of the “Los Angeles Tax Code.” This program is described in the following sections of the Los Angeles Tax Code (the law written by your County assessor). Part B of the Los Angeles Tax Code  Subchapter R, General Revenue Code Title 22, Part 610 Division 2 — Business Exemptions: Taxable and Qualifying Expenses Chapter 4, Subchapter I, Section 1209.02, “Business Expenses to Qualify for Exemption” If the exemption is described in Part B, you may wish to review that part of Subchapter R so that you can identify taxable and qualifying expenses related to the exempt program. Other Exemptions If you receive other benefits from the Los Angeles County Tax Department, such as “Business Tax Exemption,” “Property Tax Exemption” and the “Property Tax Exemptions,” you may also be eligible to take advantage of benefits and privileges available to businesses other than individuals. The business tax exemptions and other benefits described in this brochure are detailed on the following pages.

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