Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Sales and Use Tax Annotations


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

Annotation 395.0560

(c) SERIES OF SALES—"NUMBER, SCOPE AND CHARACTER"

395.0560 Market Fixtures. The sale of market fixtures by a dairy supply and equipment company does not qualify for the occasional sale exemption when the sale was one in a series sufficient in number, scope and character to require a seller's permit. Previously, the dairy had sold various items of equipment and had been engaged in buying and selling markets. Nor does the fact that the sale included meat and produce fixtures make the transaction an occasional sale because there was a series of sales. 8/31/64.