Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Sales and Use Tax Annotations


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M

375.0000 MOTION PICTURES—Regulation 1529

Annotation 375.0020

(a) TRANSACTIONS UNDER PRIOR LAW (MAY 1, 1950 TO SEPT. 21, 1988)

(1) In General—Producers

375.0020 Co-Producers. A motion picture studio that agrees with another party to jointly produce a television series is entitled to co-producer's status even though, in order for the parties to carry out their purposes, they form a new corporation which is responsible for producing the film. In this case, however, this was the only corporate purpose of the new corporation and it was dissolved following production. 8/23/66.