Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Sales and Use Tax Annotations


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G

295.0000 GROSS RECEIPTS

Annotation 295.0035.900

(a) GENERAL

295.0035.900 Catalogs. A company sells for resale various items of tangible personal property. It also sells catalogs of its products and advertising materials to its dealers, usually at retail. The dealers earn credits during the month based on the volume of purchases they have made (for resale.) The dealers can use these credits to reduce the charges they pay for the catalogs and advertising material. The measure of tax for the catalogs and advertising material sold at retail is the amount billed before the deduction of the credits being applied. 6/28/89.