Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2014
Sales and Use Tax Annotations
295.0000 GROSS RECEIPTS
(d) CONSIDERATION OTHER THAN MONEY
295.1080 Merchandise Exchanged for Radio Time—Trade Agreements. Where merchandise is sold to a California broadcasting station in exchange for radio time the stated value of the air time will be the measure of tax unless the agreement (either written contracts or invoices) also states the fair market value of the merchandise. 11/22/78.