Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2014
Sales and Use Tax Annotations
395.0000 OCCASIONAL SALES—SALE OF A BUSINESS—BUSINESS REORGANIZATION—Regulation 1595
(a) IN GENERAL
395.0060 Property Used in Retail Business. Where a retailer engaged in the restaurant business sells equipment which, for income tax purposes, has been used one-half for business and one-half for personal purposes, the entire selling price is subject to sales tax. 9/23/54.