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Business Taxes Law Guide—Revision 2024

Sales and Use Tax Annotations


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T


540.0000 Tangible and Intangible Property

Annotation 540.0060


540.0060 Breeding Shares. The sale of the right to have a thoroughbred mare bred to a particular stallion once each year during the breeding season without charge is not the sale of tangible personal property and is thus not subject to tax. 11/2/62.