Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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G

295.0000 GROSS RECEIPTS

Annotation 295.1266

(e) TAXES AND FEES (GOVERNMENTAL)

295.1266 Ozone Depleting Chemical Taxes. The ozone depleting chemical tax imposed by section 4681 of the Internal Revenue Code is a manufacturer's tax and it is included in gross receipts subject to tax. Section 4681 also imposes an ozone depleting tax on the importer. If the product is used by the importer, it is not includable in the measure of use tax. However, if sold by the importer, the federal excise tax is a recovered expense and includable in gross receipts. 6/28/91.