Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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W

600.0000 WATERCRAFT—Regulation 1594

Annotation 600.0640

(e) COMPONENT PARTS OF WATERCRAFT

600.0640. Paint Used to Repair Vessel. The sale of paint to be applied to watercraft is exempt under section 6368 regardless of the fact that the paint is applied by contractors who would be regarded as consumers of the paint.

The law provides that the sale of property becoming a component part of certain watercraft is exempt. The fact that a painting contractor could not execute a so-called watercraft certificate does not deprive the transaction of its exempt status. While the certificate is adapted for use by the operator of watercraft, it could readily be modified for use by a painting contractor. 5/21/52.