Section R15-5-106. Finance Charges in Connection with Retail Sales

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Gross receipts from finance, carrying charges, or interest charges incurred in connection with a retail sale of tangible personal prop- erty are not subject to tax if:
1. The charges are separately stated as part of the sales transaction; and

2. The charges result from the sale of such property on credit or under an installment contract.

Historical Note

Adopted effective August 9, 1993 (Supp. 93-3).

Amended by final rulemaking at 12 A.A.R. 4099, effec- tive December 4, 2006 (Supp. 06-4).

                    
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