Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Sales and Use Tax Annotations


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G

295.0000 GROSS RECEIPTS

Annotation 295.1230

(e) TAXES AND FEES (GOVERNMENTAL)

295.1230 Customs Duty. A construction contractor-retailer of fixtures is not allowed to deduct U.S. customs duty on imported fixtures from the measure of tax on such fixtures. Sections 6011 and 6012 exclude taxes imposed by the U.S. from the measure of tax, except for manufacturers' or importers' excise tax. An importer's excise tax includes and means customs and excise duties imposed on importation. Customs duty paid on fixtures may not be excluded from the selling price to measure the tax on a contractor's retail sale of fixtures under Regulation 1521. 2/11/70.