45 IAC 2.2-4-34 - Auction sales; exclusion
Authority: IC 6-8.1-3-3
Affected: IC 6-2.5
Sec. 34.
In general, all sales of tangible personal property by any person engaged in the business of making sales at auction are taxable. This regulation [this section] excludes only occasional or isolated sales of tangible personal property on the premises of the owner in those instances where such tangible personal property was not acquired for resale.
Notes
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