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Business Taxes Law Guide—Revision 2024
Sales and Use Tax Annotations
A B C D E F G H I J L M N O P R S T U V W X
P
415.0000 Person
Annotation 415.0085
415.0085 Joint Venture. A person owns a gasoline service station. He or she enters into an agreement with another person to operate the station. The owner purchases gasoline in his or her own name for delivery into the tanks of the station. The operator pays to the owner the cost of the gasoline plus $100 per month or $0.03 per gallon, whichever is greater.
The parties are regarded as having formed a joint venture, and they are individually liable for the debts of the joint venture. 1/20/75.