Section 297A.74 Commingling Exemption Certificate Items
297A.74 COMMINGLING EXEMPTION CERTIFICATE ITEMS.
If a purchaser gives an exemption certificate for the purchase of fungible items and later commingles the items with similar fungible items not purchased exempt, sales from the commingled items are considered sales of items purchased exempt until a quantity has been sold that equals the quantity purchased exempt.
History:
2000 c 418 art 1 s 18