The Board of Tax Appeals concluded that a taxpayer was entitled to a manufacturing machinery and equipment sales tax exclusion although most of its customers were related parties and the items at issue were manufactured from pipe provided by customers. The board found that a transfer of ownership is not absolutely necessary for there to be a “sale,” and a mere transfer of possession can suffice.
Source: KPMG
Latest Posts in "United States"
- Washington State Imposes Sales Tax on Advertising Services, Affecting Digital Marketing Compliance
- 2025 Sales Tax Overhaul: New Rules Impacting Digital Services, Bullion, and Consumer Goods
- Why E-Invoicing is Crucial for North American Businesses Amid Global Compliance Shifts
- Colorado Ends State Sales Tax Vendor Fee for Retailers Starting January 2026
- States Charging Fees for Sales Tax Permit Registration: A Comprehensive Guide
