Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2018

Sales and Use Tax Annotations

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410.0000 PERMITS—Regulation 1699

Annotation 410.0218


410.0218 Trust Incorrectly Using Trustor's Permit. A grantor trust has purchased vehicles for the purpose of leasing and has issued a resale certificate, using the beneficiary/trustor's seller's permit number. Tax has been reported on rental receipts on all vehicles, using the trustor's Sales and Use Tax return as a conduit of payment. This procedure is incorrect. The trust may not issue a resale certificate using another entity's seller's permit number, nor report tax liability on another's tax return. The trust should obtain its own permit and issues certificates, where appropriate, with its own permit number shown. 6/3/89.