Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Sales and Use Tax Annotations


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T

545.0000 "TAX-PAID PURCHASES RESOLD"—Regulation 1701

Annotation 545.0052

545.0052 Sales from Spare Parts Inventory. An airline maintains a tax paid spare parts inventory from which sales are regularly made. In this situation, the spare parts have not been committed to "standby service" as set forth under Regulation 1701(c) and a deduction for "tax paid purchases resold" is allowable. 5/2/78.