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Wednesday, July 11, 2012

Ind. Gov't. - Do you have to pay use tax on your purchases of meteorites?

See this new entry from the Indiana Tax Reporter, headed "Revenue Finds "Casual Sales" Purchases of Meteorites not Subject to Sales Tax." A quote from the DOR ruling:

Taxpayer states that the meteorites were purchased in the course of casual sales from other meteorite enthusiasts and not from anyone in the business of selling tangible personal property at retail. Also, Taxpayer states that the meteorites were purchased for aesthetic reasons and not for resale by Taxpayer.

Posted by Marcia Oddi on July 11, 2012 08:10 AM
Posted to Indiana Government