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Business Taxes Law Guide—Revision 2024
Sales and Use Tax Annotations
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440.0000 Property Used in Manufacturing—Regulation 1525
Annotation 440.1851
(b) Property Becoming Component Part of Finished Product
(1) In General
440.1851 Aircraft Kit. A firm engaged in light manufacturing plans to purchase a light aircraft kit from which to manufacture the aircraft. It will take approximately two and a half years to complete. Upon completion, it will be sold. If the aircraft kit is purchased for the sole purpose of reselling it, the firm may purchase it for resale. The subsequent sale of the completed aircraft would be subject to tax. 4/30/97.