Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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M

375.0000 MOTION PICTURES—Regulation 1529

Annotation 375.0040

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

(1) In General—Producers

375.0040 Co-Producers. A corporation furnishing facilities and services to a producer of a television series is not a co-producer of the series by reason of furnishing facilities and services pursuant to a standard facilities contract. The corporation did not have the right to participate in profits of the production, nor did it share responsibility for producing the production. A corporation's "equity interest" in the production through ownership of stock in the producer corporation does not qualify the corporation as a co-producer. The corporation and the producer are separate and distinct persons. Therefore, sales made to the producer by the corporation are subject to sales tax. 12/4/69.