Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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P

440.0000 PROPERTY USED IN MANUFACTURING—Regulation 1525

Annotation 440.3260

(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.