Laws, Regulations and Annotations
Search
Business Taxes Law Guide—Revision 2024
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
O
395.0000 Occasional Sales—Sale of a Business—Business Reorganization—Regulation 1595
Annotation 395.0920
(e) Executors and Administrators, Sales By
395.0920 Number of Sales. Since an executor made three or more retail sales of tangible personal property of a substantial amount within a 12-month period, he came within the definition of a seller and was required to hold a seller's permit. Therefore the sales could not qualify as exempt occasional sales because each transaction was "one of a series sufficient in number, scope and character to constitute an activity requiring the holding of a seller's permit." 8/30/67.