Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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R

490.0000 RETURNS, DEFECTS AND REPLACEMENTS—Regulation 1655

Annotation 490.0180

(a) RETURNED MERCHANDISE

(2) "Full Sale Price"

490.0180 Rental Charge. When a sale of equipment is rescinded and a rental is substituted as a charge for use of the equipment, no refund is allowable. A charge for usage or "rent" is inconsistent with the requirements of section 6012 that for a returned merchandise deduction there be a return of the "full sale price." 5/17/57.