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 375.1095

(b) ON AND AFTER SEPTEMBER 22, 1988

(1) Generally

375.1095 Transfers of Master Reel and Submasters. The transfer of a master reel containing a "qualified motion picture" produced for commercial purposes is not a taxable sale when the transfer is before the qualified motion picture is exhibited or broadcast to its general audience. Sales of "submasters" used as release prints (broadcast dubs or air dubs) are taxable. Transfers of "submasters" used as protection copies are not taxable. 5/29/90.