29Sep
OSBA Sales & Use Tax Subcommittee Report Highlights Recent Cases - September 2020
I. EXEMPTIONS - Resale Exemption - Domokur Aviation Services, LLC v. McClain, Ohio BTA Case No. 2019-694 (September 15, 2020). Applying the Supreme Court’s decision in Pi in the Sky, LLC v. Testa, 155 Ohio State 113, 2018-4812, which involved parallel facts, the BTA denied the resale exemption for a $2.9 million aircraft purchase. The BTA cited the following factors to support its finding that the taxpayer was not engaged in a for-profit business operation to support the resale exemption: •...
By:
Buckingham, Doolittle & Burroughs, LLC
Source Url: https://www.jdsupra.com/legalnews/osba-sales-use-tax-subcommittee-report-63507/
Related
JULY - SEPTEMBER 2020 UPDATE - UNITED STATES- Mergers and acquisitions in the United States appear t...
Read More >
In the good old days of participant-directed 401(k) plans, a good chunk of financial advisors did ve...
Read More >
A look at some of the most well-read articles on employer liability issues published on JD Supra dur...
Read More >
The result of the UK’s third general election in less than five years marks a significant shift in ...
Read More >
The US Department of Labor (DOL) has announced its proposal to amend its regulations regarding “whi...
Read More >
I’m stubborn and there are just some things I don’t understand, so hear me out. I got a call not ...
Read More >