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Business Taxes Law Guide—Revision 2024

BTLG Table of Contents > Sales and Use Tax Annotations > G > 295.0000 Gross Receipts > Annotation 295.0600

Sales and Use Tax Annotations


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G

295.0000 Gross Receipts

Annotation 295.0600

(a) General

295.0600 Partial Reimbursement. The total receipts from the sale of equipment located in a business area condemned for urban renewal are subject to the tax even though the equipment was sold for less than its predetermined value when the urban renewal authorities reimbursed the taxpayer for the balance. 5/16/68.