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Missouri High Court Affirms Intercompany Resales of Configured IT Equipment Qualify for Exemption

The Missouri Supreme Court affirmed that a limited liability company organized under a tiered structure that purchased information technology (IT) equipment that it intended to resell to its retail store affiliates, but which installed software and otherwise processed and configured the IT equipment for its affiliates before reselling it to them with a fixed markup, qualified for Missouri’s resale exemption.

Source Deloitte

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