Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Sales and Use Tax Annotations


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G

295.0000 GROSS RECEIPTS

Annotation 295.1380

(f) COSTS AND EXPENSES

295.1380 Mark-up on Repair Parts. A California railroad makes repairs to foreign line cars owned by others which it uses in California. The scheduled price of repair parts involves a mark-up for handling and purchasing expenses.

The mark-up should be included in the price subject to sales tax. 6/26/53.