Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2016
Sales and Use Tax Annotations
410.0000 PERMITS—Regulation 1699
(b) PERSONS MAKING NONTAXABLE SALES
410.0410 Trusts. In order to obtain a permit in the name of the trust, the trustee must establish the existence of a trust. Generally, an oral declaration of the trustee, standing alone, is not sufficient evidence.
Satisfactory evidence that the trust exists is necessary for issuance of a seller's permit in the name of the trust. This should include evidence of a bank account in the name of the trust, a copy of the lease contract for a business premises by the trust, proof of the purchase of resale inventory by the trust, written authorization of the person applying for the permit acting on behalf of the trust, or any other similar evidence. 8/8/89.