Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Sales and Use Tax Annotations


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U

565.0000 UNITED STATES CONTRACTORS

Annotation 565.1120

(d) PROPERTY USED BY CONTRACTOR—"SPECIAL TOOLING"

565.1120 Transfer of Title from Government to Contractor—Effect of. Personal property purchased by a nonprofit educational institution for use in a specific scientific research for the United States Government is not taxable because ASPR 13-707 provides that the United States Government acquires title to all property purchased under a cost reimbursement type contract even before such property is used. The government's subsequent transfer of the title of the property to the contractor without consideration does not alter the tax-exempt classification of the original sale of the property to the government. 10/14/69.