Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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S

495.0000 SALE

Annotation 495.0110

(a) IN GENERAL—DEFINITION

495.0110 Children's Books Supported by Local Business. A taxpayer proposes to provide personalized books to young school children without cost to the school or parents. The program would be supported by local businesses.

In this situation, the taxpayer would be regarded as selling the books to the local businesses. The sale is at retail and the taxpayer will therefore owe sales tax measured by the gross receipts from the sale of the books. Tax is due on the amounts paid to the taxpayer by the local businesses. 12/7/95.