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BTLG Table of Contents > Sales and Use Tax Annotations > T > 545.0000 "Tax-Paid Purchases Resold" > Annotation 545.0052

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T

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545.0000 "Tax-Paid Purchases Resold"—Regulation 1701

Annotation 545.0052

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545.0052 Sales from Spare Parts Inventory. An airline maintains a tax paid spare parts inventory from which sales are regularly made. In this situation, the spare parts have not been committed to "standby service" as set forth under Regulation 1701(c) and a deduction for "tax paid purchases resold" is allowable. 5/2/78.