Non-Physical Assets

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January 1, 1 6 min read Definitions

Intangible Personal Property Non-Physical Assets Accounts Receivable Goodwill Patents Trademarks Ad Valorem Tax

Intangible Personal Property refers to non-physical assets that hold value and cannot be seen or touched. It includes items like cash, accounts receivable, goodwill, patents, trademarks, and other non-tangible assets. These are typically exempt from ad valorem tax in most states.

Read more about Intangible Personal Property.