Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2017
Sales and Use Tax Annotations
440.0000 PROPERTY USED IN MANUFACTURING—Regulation 1525
(b) PROPERTY BECOMING COMPONENT PART OF FINISHED PRODUCT
(4) Miscellaneous Specific Components
440.3260 Penicillin. Corn steep liquor and crude milk sugar (lactose) purchased for use in the production of penicillin become component parts of the penicillin. Accordingly, such purchases are not subject to sales or use tax when used in the production of penicillin for resale. 7/30/54.