Asphalt Company Not Liable for $2.6 Million in Sales Tax Where Judge Found No Sale
By EsqSocial Corporation 23/12/24
It should be obvious that a state may not impose sales tax where there is no sale. This maxim was reinforced in the case Asphalt Emulsion Industries LLC v. North Carolina Department of Revenue, 23 REV 04898 (N.C. OAH Nov. 21, 2024), where an administrative law judge found that transfers of property from an asphalt company to its parent without consideration did not constitute sales and therefore no sales tax was due....
By: Blank Rome LLP