Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2017
Transactions and Use Tax Annotations
800.0000 APPLICATION OF TRANSACTIONS (SALES) TAX AND USE TAX—Regulation 1823
800.0010 Fixed-Price Contracts. A sales contract is a "fixed-price" contract if it satisfies the following criteria:
(1) It is binding prior to the operative date of the ordinance establishing the tax.
(2) Neither party has an unconditional right to terminate the contract.
(3) The amount of tax or the tax rate is set forth in the contract. 10/4/90.