Section 3.283 - Bartering Clubs and Exchanges(a) Definitions. The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise. (1) Barter--To exchange taxable items without using money.(2) Barter exchange--Any organization, association, or group of persons maintaining facilities for the purpose of bringing purchasers and sellers together for the purpose of bartering.(3) Trade units--The medium of exchange which is debited and credited to members' accounts when bartering.(b) The barter of a taxable item is the sale of a taxable item even though trade units are accepted by the seller instead of money.(c) The seller must collect and remit sales tax on the sales price of a taxable item.(d) Barter exchanges which maintain show or sales rooms for the purpose of bartering taxable items are sellers. See § 3.286 of this title (relating to Seller's Responsibilities).(e) Dues and service fees charged by the barter exchanges to members for becoming a member of the exchange and for maintaining records on barter transactions are not taxable.34 Tex. Admin. Code § 3.283
The provisions of this §3.283 adopted to be effective March 11, 1983, 8 TexReg 673.