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
(e) EXECUTORS AND ADMINISTRATORS, SALES BY
395.0920 Number of Sales. Since an executor made three or more retail sales of tangible personal property of a substantial amount within a 12-month period, he came within the definition of a seller and was required to hold a seller's permit. Therefore the sales could not qualify as exempt occasional sales because each transaction was "one of a series sufficient in number, scope and character to constitute an activity requiring the holding of a seller's permit." 8/30/67.