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The following Regulations have recently been proposed:
Proposed Rule 560-12-1-.14 "Conversion
of Property by Dealer and Adoption of New Rule 560-12-1-.14 Withdrawals from Inventory"
- Repeal of current Rule 560-12-1-.14 “Conversion of Property by Dealer.”
- Proposed new Rule 560-12-1-.14 “Withdrawals from Inventory.”
- Repeal of current Rule 560-12-2-.96 “Samples.”
Proposed Rule
560-7-3-.05 "Related Member Interest Expenses and Costs; Intangible Expenses and
Costs."
Proposed Rule
560-7-8-.46 "Definition of Business Enterprise."
Proposed Rule
560-7-8-.47 "Qualified Education Expense Credit"
Adopted Rule 560-11-2-.56
Proposed Rule 560-12-2-.114 "Water Efficient Products Sales Tax Holiday"
Proposed Rule 560-12-2-.106 "United
States Government Defense Contractors"
The following Regulations have recently been adopted:
Rule 560-7-8-.48 "Clean Energy Property and Wood Residuals Tax Credits"
Rule
560-7-3-.10 Interest Income on Government Obligations
Rule 560-12-2-.30 "Drugs,
Durable Medical Equipment, Prosthetic Devices, and Other Medical Items."
The following Regulations have been repealed:
For additional Tax Regulations please click
here to go to the Secretary of State’s web site.
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The Department allows a 30-day comment period when it proposes a new regulation.
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