Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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M

347.0000 MANUFACTURING EQUIPMENT—Regulation 1525.2

Annotation 347.1000

347.1000 Special Purpose Buildings. Components of a methanol plant, including the concrete pads (foundations), qualify as special purpose buildings and foundations under section 6377 as long as the components and foundations are used as an integral part of the manufacturing process. Therefore, the plant and concrete pads are tangible personal property for purposes of the partial exemption from sales and use taxes (6% for transactions in 1994 and 5% for transactions in 1995 and thereafter). Tanks and their pads which are merely used for warehousing purposes do not qualify for the exemption. 11/1/94.