Laws, Regulations and Annotations

Search

BTLG Table of Contents > Sales and Use Tax Annotations > R > 490.0000 Returns, Defects and Replacements > Annotation 490.0220

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   

---

R

---

490.0000 Returns, Defects and Replacements—Regulation 1655

Annotation 490.0220

(a) Returned Merchandise

(2) "Full Sale Price"

---

490.0220 Rescission of Sale. Where, by mutual agreement, a sale of assets is rescinded and assets are returned to seller, the original sale remained taxable by reason of the fact that the seller retained portions of the purchase price. 12/14/53.