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Business Taxes Law Guide—Revision 2024
Sales and Use Tax Annotations
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475.0000 Resale Certificates—Regulation 1668
Annotation 475.0220
475.0220 Time Limit for Holding Property for Resale. A taxpayer purchases a light aircraft manufacturing kit for the sole purpose of assembling the aircraft and holding it for resale. There are no time limits for the subsequent resale of the aircraft which would trigger a use tax liability against the purchaser so long as it is actually being held for resale and there is no intervening use of the aircraft, other than testing, demonstration, or display prior to the time that the aircraft is sold. 6/30/97.