Utah Code 59-12-104.4. Seller recordkeeping for purposes of higher education textbook exemption — Rulemaking authority
Current as of: 2023 | Check for updates
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| (1) | If a seller described in Subsection 59-12-104(71)(b) makes a sale of a textbook for a higher education course that is exempt under Subsection 59-12-104(71), the seller shall keep a record verifying that the textbook is a textbook for a higher education course. |
| (i) | installment and credit sales; |
| (ii) | any closed transaction constituting a sale; |
| (iii) | any sale of electrical energy, gas, services, or entertainment taxable under this chapter; |
| (iv) | any transaction if the possession of property is transferred but the seller retains the title as security for the payment of the price; and |
| (v) | any transaction under which right to possession, operation, or use of any article of tangible personal property is granted under a lease or contract and the transfer of possession would be taxable if an outright sale were made. See Utah Code 59-12-102 | ||||
| (2) | In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the commission may make rules:
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Enacted by Chapter 314, 2011 General Session