Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Sales and Use Tax Annotations


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C

185.0000 CONSIGNEES AND LIENORS OF TANGIBLE PERSONAL PROPERTY FOR SALE—Regulation 1569

Annotation 185.0140

185.0140 Liability of Consignee. The placement of stamps for the purposes of philately in the possession and control of a stamp and coin shop by the owner of the stamps, with the expectation that the shop owner would sell them to the highest bidder makes the shop owner subject to sales and use tax liability under Regulation 1569. Tax applies to the total gross receipts from such sales. 1/28/66.