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 395.0575

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

395.0575 Number, Scope and Character. The fact that one sale of assets was great in dollar amount by comparison to other sales of assets would not, in and of itself, dictate the conclusion that it was an occasional sale. For example, if a person were to sell one horse, one mule and one jackass for $500 each in three separate transactions in a twelve-month period, and within that same twelve-month period sell 100 horses, mules and jackasses for $500 each in one bulk transaction that grossed $50,000, the single bulk sale would not be an occasional sale simply because it was large in dollar amount by comparison to the other three sales. Further, it is clear that the character of the sales would be sufficiently similar to preclude the large sale from being occasional. 1/17/75.