Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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C

168.0000 COINS AND BULLION—Regulation 1599

Annotation 168.0020

(a) COINS

168.0020 Coins—Commemorative Issues Purchased from Bank. Churchill Commemorative Crown coins (face value $0.70), not ordinarily obtained from banks for use as a medium of exchange, are purchased as objects of numismatic value. Accordingly, the bank is required to collect the use tax from the purchaser. 1/7/66.