Tenn. Comp. R. & Regs. 1320-05-01-.75

Current through June 26, 2024

Section 1320-05-01-.75 - LAYAWAY AND WILL-CALL SALES

A sale whose delivery is conditional on payment of the amount due on the price of the sale is not completed until the amount due is received by the seller and, therefore, not taxable until the tangible personal property or service is delivered to the customer.

Tenn. Comp. R. & Regs. 1320-05-01-.75

Original rule filed June 7, 1974.

Authority: T.C.A. §§67-101 and 67-3045.