15-68-208. Nontaxability -- sale of property for resale.
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/mt/title-15/chapter-68/part-2/15-68-208·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
15-68-208 . Nontaxability -- sale of property for resale. The sale of property is nontaxable if:
(1)the sale is made to a buyer who delivers a nontaxable transaction certificate to the seller;
(2)the buyer resells the property either by itself or in combination with other property; and
(3)the subsequent sale is in the ordinary course of business and the property will be subject to the sales tax.