§ 82.08.130. Resale certificate--Purchase and resale--Rules
If a buyer normally is engaged in both consuming and reselling certain types of articles of tangible personal property and is not able to determine at the time of purchase whether the particular property acquired will be consumed or resold, the buyer may use a resale certificate for the entire purchase if the buyer principally resells the articles according to the general nature of the buyer's business. The buyer shall account for the value of any articles purchased with a resale certificate that are used by the buyer and remit the sales tax on the articles to the department.
A buyer who pays a tax on all purchases and subsequently resells an article at retail, without intervening use by the buyer, shall collect the tax from the purchaser as otherwise provided by law and is entitled to a deduction on the buyer's tax return equal to the cost to the buyer of the property resold upon which retail sales tax has been paid. The deduction is allowed only if the taxpayer keeps and preserves records that show the names of the persons from whom the articles were purchased, the date of the purchase, the type of articles, the amount of the purchase, and the tax that was paid. The department shall provide by rule for the refund or credit of retail sales tax paid by a buyer for purchases that are later sold at wholesale without intervening use by the buyer.
[1993 sp.s. c 25 § 702.]
Notes:
Severability -- Effective dates -- Part headings, captions not law -- 1993 sp.s. c 25: See notes following RCW 82.04.230.
Resale certificates: RCW 82.04.470 and 82.32.291. Sections: Previous 82.08.064 82.08.066 82.08.080 82.08.090 82.08.100 82.08.110 82.08.120 82.08.130 82.08.140 82.08.145 82.08.150 82.08.160 82.08.170 82.08.180 82.08.190 Next
Last modified: April 7, 2009