Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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395.0000 OCCASIONAL SALES—SALE OF A BUSINESS—BUSINESS REORGANIZATION—Regulation 1595

Annotation 395.0064

(a) IN GENERAL

395.0064 Sale of Assets. When the Board has determined that a person is a section 6015 retailer, the salesmen, representatives, peddlers, or canvassers who are then regarded as "agents" of the section 6015 retailer are not required to hold sellers permits because of their sales.

If the only sales of tangible personal property by such an "agent" are sales of section 6015 property, a single sale of the "agent's" business assets is an occasional sale. 7/28/75.