Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Sales and Use Tax Annotations


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G

295.0000 GROSS RECEIPTS

Annotation 295.0370

(a) GENERAL

295.0370 Lump-Sum Contract. The total contract price for the purchase of glass laminating manufacturing equipment from an out-of-state seller was subject to use tax, even though part of the price was designated as payment for trade secrets, know-how, and technical information, because there was a single integrated agreement for the sale of the machinery and "know-how." 11/19/70.