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Business Taxes Law Guide—Revision 2024

Sales and Use Tax Annotations


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G


295.0000 Gross Receipts

Annotation 295.0220

(a) General

295.0220 Disposition of Gross Receipts—Effect of. When a painting is sold for a stipulated price, the artist receiving part of the selling price and a charitable organization receiving the remainder, the sales tax applies to the total price. The disposition of the proceeds of a sale does not affect the application of the sales tax to the gross receipts from the sale. 2/11/66.