Laws, Regulations and Annotations
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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
P
415.0000 Person
Annotation 415.0020
415.0020 Buying Club. A buying club is to be formed with appropriate bylaws and officers. The club will purchase merchandise from wholesalers and resell to its members at a specified markup. Profits will be used in part to operate the club and to buy items for the club's use. Excess profits will be credited ratably to the members or held to provide scholarships. On these facts the club qualifies as a person which may be issued a seller's permit. 9/22/67.