Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2015
Sales and Use Tax Annotations
140.0000 BARTER, EXCHANGE, "TRADE-INS"—Regulation 1654
140.0010 Gross Receipts for Exchange Transactions. In the case of an exchange, gross receipts includes the value of the property received and all directs costs, such as freight, inspection fees, import fees, broker fees, taxes, etc. or any other fees, associated with the property received in the exchange. 6/22/78.