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Business Taxes Law Guide—Revision 2024

Sales and Use Tax Annotations


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B


150.0000 Buildings and Other Property Affixed to Realty—Regulation 1596

Annotation 150.0220


150.0220 Fixtures Included in the Sale of a Business. When the sale of a business includes buildings and land the following items are part of the realty, if attached:

(1) Planers and molding machines which are heavy equipment used in a sawmill,

(2) Carriage and circular saw, used in a sawmill for the first cutting of the logs,

(3) Compressor and heavy duty electric motor used in a grocery store in connection with a walk-in beer cooler,

(4) Service station hydraulic hoist. A small one-half horsepower bench grinder is considered as tangible personal property. 9/10/57.