Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2014
Sales and Use Tax Annotations
435.0000 PRODUCING, FABRICATING AND PROCESSING PROPERTY FURNISHED BY CONSUMERS—GENERAL RULES—Regulation 1526
(c) MISCELLANEOUS OPERATIONS
435.1360 Recovering and Refining Metals. The charges for recovering and refining metal from an exhausted petroleum filter gauze is to be included in the measure of tax. When a customer is billed for a replacement gauze at the time he returns the used one he is given credit for the value of the recovered metal and these charges are itemized. The price of the new filter gauze becomes the full price of the new filter minus the value of the platinum and rhodium recovered and refined from the old. Only the approximate value of the exhausted metal is excluded from the measure of the tax. 3/11/65.