Ga. Comp. R. & Regs. R. 560-12-1-.12 - Consigned Tangible Personal Property
(1) Tangible personal property consigned,
delivered to or entrusted to a dealer for the purpose of sale is taxable at the
time of sale at retail. The retailer is required to collect and remit the tax
based upon the sales price.
(2)
When consigned tangible personal property is used for any purpose other than
retaining, demonstrating or displaying it for sale, the consignee shall be
liable for the tax on the fair market value of the property at the time of its
first use.
Notes
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