Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Sales and Use Tax Annotations


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S

495.0000 SALE

Annotation 495.0980

(e) RETAIL SALE OR SALE FOR RESALE—DELIVERY BY OWNER, FORMER OWNER, FACTOR OR AGENT

495.0980 Wholesaler Selling for Retailer. When a wholesaler acts on behalf of a retailer and delivers merchandise directly from his warehouse to the customer, collects the sales price, delivers the merchandise to the customer, treats the sale as a sale to the retailer and remits the profit to the retailer, the wholesaler should not report the sale as a part of his taxable gross receipts. He should remit the sales tax reimbursement to the dealer and take a resale certificate from him. 8/25/58.