Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Do I owe use tax on inventory items that are temporarily used in a taxable manner?

April 26, 2017Inventory items manner tax taxable temporarily Used

0

Posted

Do I owe use tax on inventory items that are temporarily used in a taxable manner?

1 Answer

0

Posted

Yes. If an inventory item is temporarily taken out of inventory and used in a taxable manner, you owe use tax on the value of the temporary use. The consumer is to determine this value but it is subject to redetermination by the Tax Commissioner.