1999 Minnesota Code
Chapters 296 - 299 Excise and Sales Taxes
Chapter 297A General Sales and Use Taxes
Section 297A.12 Improper use of subject of purchase obtained with exemption certificate.
297A.12 Improper use of subject of purchase obtained with exemption certificate.
If a purchaser who gives an exemption certificate makes any use of the subject of the purchase other than for a purpose exempted under this chapter, such use shall be deemed a retail sale by the purchaser as of the time of first use by the purchaser, and the sales price to the purchaser shall be deemed the gross receipts from such retail sale. If the sole nonexempt use is rental while holding for sale, the purchaser shall include in the purchaser's gross receipts the amount of the rental charged. Upon subsequent sale of such property, the seller shall include the entire amount of gross receipts received therefrom without deduction of amounts previously received as rentals.
HIST: Ex1967 c 32 art 13 s 12; 1971 c 151 s 1; 1986 c 444; 1997 c 31 art 2 s 8
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