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 395.1040

(f) SALE OF A BUSINESS GENERALLY

395.1040 Allocation of Receipts. In the sale of a business consisting of vending machines on location, the sales tax does not apply to that portion of the contract price which represents the intangible value of the location privileges. 3/10/59.