Ind. Admin. Code tit. 45, § 2.2-4-34 - Auction Sales; Exclusion

Current as of January 1, 1970

45 Iac 2.2-4-34 - Auction Sales; Exclusion45 Iac 2.2-4-34 - Auction Sales; Exclusion

45 Iac 2.2-4-33 - Auction Sales; Sales Tax 45 Iac 2.2-4-35 - Auction Sales; Application of Exemption

45 IAC 2.2-4-34 Auction sales; exclusion

Authority: IC 6-8.1-3-3

Affected: IC 6-2.5

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.

(Department of State Revenue; Ch. 4, Reg. 6-2.5-4-12(b)(010); filed Dec 1, 1982, 10:35 am: 6 IR 25)

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