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 515.1460

(e) MISCELLANEOUS ACTIVITIES

515.1460 Credit Reporting Service. A firm that sells credit reports to a company's customers for the company's use in determining a customer's credit worthiness is regarded as providing a nontaxable service. The providing of an actual report (i.e., the credit report on paper) by the firm is incidental to the credit reporting service provided to the company. Sales of additional copies of the report would be regarded as taxable sales of tangible personal property. (Regulation 1502(d)(5)(f).) 7/25/95.