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BTLG Table of Contents > Sales and Use Tax Annotations > C > 185.0000 Consignees And Lienors Of Tangible Personal Property For Sale > Annotation 185.0080

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C

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185.0000 Consignees and Lienors of Tangible Personal Property for Sale—Regulation 1569

Annotation 185.0080

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185.0080 Bill of Sale. When a yacht owner signs the bill of sale, and gives it to the broker authorizing him to sell at a stated price, the owner has invested the broker with power to create an ownership interest in the purchaser. The broker becomes liable for the sales tax upon the consummation of a sale through the exercise of such power. 2/16/59.