Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Sales and Use Tax Annotations


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385.0000 NEWSPAPERS AND PERIODICALS—Regulation 1590

Annotation 385.0342

(a) IN GENERAL

385.0342 Multiple Listing Service. The "property sold" data of a multiple listing publication contains information on the house, the sales price, the listing price, method of financing, listing broker, selling broker, sales agent date of sale, and number of days on the market. It is more in the nature of market analysis than advertising or deletion of property for sale and should be considered as "news" for purposes of the "10 percent news test" (Annotation 385.0540.)

On the other hand, a mere list of property sold, the principal purposes of which is the deletion of property sold from the current list of property for sale, is not considered "news" of a "periodical" nature. The sale or purchase of such list remains subject to tax. 12/18/75.