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Business Taxes Law Guide—Revision 2024

BTLG Table of Contents > Sales and Use Tax Annotations > F > 235.0000 Federal Taxes > Annotation 235.0020

Sales and Use Tax Annotations


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F

235.0000 Federal Taxes—Regulation 1617

Annotation 235.0020

235.0020 Contingent Reserve on Seller's Books. A contingent reserve for an unpaid protested amount of exempt federal tax, pending litigation, is not deductible from the measure of sales tax. 7/31/51.