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 395.0580

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

395.0580 Operating Equipment of a Transportation Business. The transportation business does not in itself require a seller's permit. However, when a sale of operating equipment is one of a series of sales sufficient in number, scope, and character made within a 12-month period, to require the holding of a seller's permit, it is not an exempt occasional sale, and is subject to tax. 4/3/53.