Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Sales and Use Tax Annotations


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R

490.0000 RETURNS, DEFECTS AND REPLACEMENTS—Regulation 1655

Annotation 490.0400

(a) RETURNED MERCHANDISE

(2) "Full Sale Price"

490.0400 Unused Portion Returned. If the seller refunds the amount of the sales price and sales tax attributable to the unused portion of paint returned by the purchaser, the seller may exclude from the measure of his tax liability the sales price of the returned merchandise. 6/24/57.