Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Sales and Use Tax Annotations


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C

175.0000 COLLECTION OF USE TAX BY RETAILERS—Regulation 1684

Annotation 175.0130

175.0130 Net Income from Convention and Trade Show Activities. Sales and Use Tax Regulation 1684(b) specifies that retailers engaged in convention and trade show activities under certain conditions are not considered "retailers engaged in business in this state." One of those conditions imposes a $100,000 cap on net income from convention and trade show activities conducted during the preceding calendar year. For purposes of calculating the $100,000 cap, a retailer's revenue generated from its convention or trade show activities in this state, such as sales made and orders taken, would be included. Net income consists of gross revenue less ordinary and necessary expenditures to produce those revenues. (See California Code Regulations, Title 18, section 53). 10/8/02. (2003–3).