Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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S

515.0000 SERVICE ENTERPRISES GENERALLY—Regulation 1501

Annotation 515.0620

(c) ORIGINAL MANUSCRIPTS, PLANS, ETC.

515.0620 Prototype. A company which agrees to design, develop and qualify a basic prototype unit of equipment for processing onions qualifies as a seller of tangible personal property when it has agreed by contract to sell the prototype whether or not it proves acceptable. However, it is not liable for tax on progress payments or other amounts received under the contract until it becomes a retailer. 6/28/65.