Purchases of Industrial Magnets Attract Indiana Use Tax Assessments; One Sticks, Three Don’t

Purchases of Industrial Magnets Attract Indiana Use Tax Assessments; One Sticks, Three Don’t

Producer of dry milled corn products claimed it used magnets in its production process The Indiana Department of Revenue assessed use tax against a producer of dry milled corn products for its purchases of industrial magnets.  Producer claimed the magnets were exempt from sales and use tax because they were used … [Read more...]