N.Y. Comp. Codes R. & Regs. tit. 20 § 526.3

Current through Register Vol. 46, No. 25, June 18, 2024

Section 526.3 - Purchase at retail

Tax Law, § 1101(b)(1)

The term purchase at retail means a purchase by any person of tangible personal property or services, for any purpose other than:

(a) for resale of the property or services as such or when the property is purchased for resale as a physical component part of tangible personal property; or

(b) for use by the purchaser in performing services subject to the tax under section 1105(c)(1) (2) (3) or (5) of the Tax Law where the property becomes a physical component part of the property upon which the services are performed or is later actually transferred to his customer in conjunction with the taxable services performed.

Cross-reference:

See definition of retail sale, section 526.6 of this Part.

N.Y. Comp. Codes R. & Regs. Tit. 20 § 526.3