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1995 SESSION

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HB 1455 Administration of resale exemption on antiques.

Introduced by: John J. Davies III | all patrons    ...    notes | add to my profiles

SUMMARY:

Administration of resale exemption. Repeals the prohibition on the acceptance of a resale exemption certificate by a dealer selling antique tangible personal property. Under the provision which would take effect July 1, 1995, a buyer holding a resale exemption certificate would have been required to apply for a refund of sales and use tax when the property is resold, if (i) the resale occurs within 18 months following the property's purchase and (ii) the holder of the certificate provides evidence that the resale transaction is bona fide.


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