Exceptions

1. Personal property employed in trade. All personal property employed in trade, in the erection of buildings or vessels or in the mechanic arts must be taxed in the place where so employed as long as the owner or the owner's employee, subcontractor or agent occupies any store, storehouse, shop, mill, wharf, landing place or shipyard in that place for the purpose of such employment. 1-A. Cargo trailers. A cargo trailer must be taxed in the place of its primary location on April 1st, even though the cargo trailer may not be present in that place on April 1st. 2. Enumeration. 2-A. Enumeration. The following personal property must be taxed in the place where it is situated: 3. Nonresidents. Personal property that is within the State and owned by persons residing out of the State must be taxed either to the owner, to the person possessing the personal property or to the person owning or occupying any store, storehouse, shop, mill, wharf, landing, shipyard or other place where such personal property is located. 4. Domestic fowl raised for meat purposes or egg production. 5. Mules, horses, neat cattle and domestic fowl. 6. Belonging to minors or wards under guardianship. Personal property belonging to minors under guardianship must be taxed to the guardian in the place where the guardian resides. The personal property of all other persons under guardianship must be taxed to the guardian in the place where the ward resides. 7. Partners in business. Personal property of partners in business, when subject to taxation under subsections 1 and 2-A , may be taxed to the partners jointly under their partnership name; and in such cases they are jointly and severally liable for the tax. 8. Owned by persons unknown. Personal property owned by persons unknown must be taxed to the person having possession of the personal property. A lien is created on that personal property on behalf of the person in possession, which the possessor may enforce for the repayment of all sums by the possessor lawfully paid in discharge of the tax. 9. Certain corporations. The personal property of manufacturing, mining, smelting, agricultural and stock raising corporations, and of corporations organized for the purpose of buying, selling and leasing real estate, must be taxed to the corporation or to the persons having possession of such property in the place where situated, except as provided in subsections 1 and 10 . 10. Tax situs. The tax situs of tangible personal property is at the mining site if that property is: