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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 415.0115
415.0115 Purchases by Individual Partners for Benefit of the Partnership.Two construction firms enter into a joint bid for construction work. Each will be responsible for different aspects of the work. Each is jointly and severally liable to the customer for all aspects of the work. The combination of two firms is considered a "person" for sales and use tax purposes. However, the individual joint venturers are not purchasing the property for resale to the joint venture under the joint venture agreement. Rather, the individual joint venturers purchase the property for their own use in complying with their joint venture agreement. 10/13/82.