Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2013
Sales and Use Tax Annotations
395.0000 OCCASIONAL SALES—SALE OF A BUSINESS—BUSINESS REORGANIZATION—Regulation 1595
(a) IN GENERAL
395.0071 Sale of Hotel Assets. In addition to the fixtures and equipment of the restaurant and cocktail lounge, in-room refrigerators stocked with bottled water, individual size liquors, and soft drinks are subject to sales tax when a hotel is sold. The sale of the other in-room furnishings is not made taxable because of the presence of the refrigerator in the room. The sale of the other assets of the hotel may be taxable if they are one sale of a series of sales sufficient in number, scope, and character to require the holding of a permit. 8/30/91.