business situs


business situs
A term of application in the law of taxation of intangibles, meaning a situs in a place other than the domicil of the owner, where such owner, through an agent, manager, or the like, is conducting a business out of which credits or open accounts grow and are used as a part of the business of the agency. 51 Am J1st Tax § 469.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • business — I (affair) noun activity, concern, duty, interest, matter, mission, proceeding, proposition, responsibility, task, undertaking foreign phrases: Allena negotia exacto officio geruntur. The business of another is to be carried out with particular… …   Law dictionary

  • business — Employment, occupation, profession, or commercial activity engaged in for gain or livelihood. Activity or enterprise for gain, benefit, advantage or livelihood. Union League Club v. Johnson, 18 Cal.2d 275, 108 P.2d 487, 490. Enterprise in which… …   Black's law dictionary

  • business — Employment, occupation, profession, or commercial activity engaged in for gain or livelihood. Activity or enterprise for gain, benefit, advantage or livelihood. Union League Club v. Johnson, 18 Cal.2d 275, 108 P.2d 487, 490. Enterprise in which… …   Black's law dictionary

  • situs — /saytas/ Lat. Situation; location; e.g. location or place of crime or business. Site; position; the place where a thing is considered, for example, with reference to jurisdiction over it, or the right or power to tax it. It imports fixedness of… …   Black's law dictionary

  • situs — The place of the occurrence or the location of property involved in an action. 16 Am J2d Confl L § I l. Location of property in a physical sense. Location of property in a legal or fictional sense, as the situs of personal property for taxation.… …   Ballentine's law dictionary

  • situs for taxation — A place within the jurisdiction of the taxing authority. For real property, the place wherein the property is situated. For a license tax, the place wherein the acts which require a license are performed. 51 Am J1st Tax § 441. For a personal… …   Ballentine's law dictionary

  • SITUS — System for Institutional Trading of Unregistered Securities (Business » General) …   Abbreviations dictionary

  • commercial situs — See business situs …   Ballentine's law dictionary

  • corporate domicil — The situs or residence of a corporation belonging exclusively to the state or sovereignty under whose laws it is created. 18 Am J2d Corp § 159. A corporation is domiciled and has its residence in the state of its creation, although it engages in… …   Ballentine's law dictionary

  • integration theory — The theory that the business situs of intangible property, for the purposes of property taxation in a state other than the domicile of the owner, is determined according to whether or not the intangibles have become an integral part of some… …   Ballentine's law dictionary


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