California, United States of America
The following excerpt is from Shubat v. Sutter County Assessment Appeals Bd., 13 Cal.App.4th 794, 17 Cal.Rptr.2d 1 (Cal. App. 1993):
[13 Cal.App.4th 802] The right to do business has been recognized as an intangible asset exempt from property taxation. (County of Stanislaus v. Assessment Appeals Bd., supra,
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