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BTLG Table of Contents > Sales and Use Tax Annotations > S > 515.0000 Service Enterprises Generally > Annotation 515.0954

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S

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515.0000 Service Enterprises Generally—Regulation 1501

Annotation 515.0954

(e) Miscellaneous Activities

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515.0954 Credit Rating Reports. The tax treatment of credit rating reports depends on the contract between the parties, how the report is marketed, and other factors. It must be determined on a transaction by transaction basis. If a customer makes a request for a report on a specific person or entity, the transaction most likely will be treated as a library search and, therefore, is a nontaxable service. However, if the credit rating business sells standardized reports to more than one customer or markets such reports to the public or to a specific segment of the public, even if there is only one purchaser, the credit rating business is making taxable sales of tangible personal property. 7/1/92.