Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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U

565.0000 UNITED STATES CONTRACTORS

Annotation 565.1300

(e) TITLE-PASSAGE CLAUSES

565.1300 Intent to Pass Title. Title passage clauses, such as "title . . . shall rest in the government and/or buyers", that are ambiguous and show no clear intent to pass title prior to use by the seller do not operate to accelerate the passage of title to overhead materials to the United States. Title clauses consistent with the Aerospace case generally are contained in FAR 52.232-16(d). This section does not provide for title in "government and/or buyer" but rather specifically refers only to "the government." 4/21/92.