45 IAC 2.2-4-34

45 IAC 2.2-4-34 Auction sales; exclusion

Last amended: 1982Year: 2027Length: 57 wordsOfficial source

Cite as Ind. Admin. Code tit. 45, r. 2.2-4-34

Sec. 34. In general, all sales of tangible personal property by any person engaged in the business of making sales at auction are taxable. This regulation [this section] excludes only occasional or isolated sales of tangible personal property on the premises of the owner in those instances where such tangible personal property was not acquired for resale.
45 IAC 2.2-4-34: 45 IAC 2.2-4-34 Auction sales; exclusion | Justis AI