Artwork purchases were made ex-tax under resale certificates.
It was the president's intention to dispose of the existing corporate operation in two or three years and to establish an art gallery featuring early California art as a form of retirement activity.
This is true even though the purchaser does not have a seller's permit if he has made sufficient sales to be required to hold a seller's permit. A California taxpayer is selling asphalt to a customer based in Utah.The certificate must contain the elements required by Regulation 1668(b).If the purchaser does not have a California seller's permit number, the out-of-state permit number must be noted on the certificate. There is no legal requirement that consignees provide resale certificates to consignors of property.The purchaser is regarded as purchasing the property under a resale certificate. An Oregon lumber wholesaler purchases lumber from a California mill, and sells it to an Arizona customer, FOB mill.The Arizona manufacturer has a common carrier pick up the lumber with title passing at the mill.