Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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D

215.0000 DEMONSTRATION, DISPLAY AND USE OF PROPERTY HELD FOR RESALE—VEHICLES—Regulation 1669.5

Annotation 215.0440

(a) GENERAL

215.0440 Racing. Withdrawal of an automobile or boat from stock for the purpose of entry in an amateur race to demonstrate capabilities is nontaxable demonstration and display. Entry in a race for any purpose other than demonstration of capabilities, thus aiding the ultimate sale, cannot be regarded as a nontaxable use. 8/22/58.