Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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G

295.0000 GROSS RECEIPTS

Annotation 295.0620

(a) GENERAL

295.0620 Patent License. The amount received for a patent license, sold with machinery and necessary to operate the purchased machinery, must be included in the measure of the tax. The right to use tangible personal property is part of the rights inherent in the general concept of property. Thus, the amount received for the patent license is attributable to the sale of the machinery and, as such, is taxable. 11/3/66.