Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Sales and Use Tax Annotations


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G

295.0000 GROSS RECEIPTS

Annotation 295.0600

(a) GENERAL

295.0600 Partial Reimbursement. The total receipts from the sale of equipment located in a business area condemned for urban renewal are subject to the tax even though the equipment was sold for less than its predetermined value when the urban renewal authorities reimbursed the taxpayer for the balance. 5/16/68.