23 Va. Admin. Code § 10-210-385

Current through Register Vol. 41, No. 4, October 8, 2024

Section 23VAC10-210-385 - Railway common carriers; proration

It is possible that an item of tangible personal property may be used in both a taxable and exempt manner. In such cases, the sales and use tax base should be computed by multiplying the sales price or cost price, whichever is applicable, of the item by the percentage of time that the item is used in a taxable manner.

23 Va. Admin. Code § 10-210-385

Derived from VR630-10-24.4 § 7, eff. February 1, 1987.

Statutory Authority

§§ 58.1-203 and 58.1-609.3(3) of the Code of Virginia.