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 565.1460

(e) TITLE-PASSAGE CLAUSES

565.1460 Property Purchased for Resale. Any tangible personal property acquired pursuant to a construction contract with the U.S. Government that is not incorporated on or into real property may be purchased for resale to the government. The contract must contain appropriate title clauses passing title to such property to the government prior to use and provide that such property is totally consumed and exclusively utilized in performing the contract. 12/17/84.