(a) Notwithstanding the reduced rate for purchases by common carriers, there are exempt
from the sales and use tax railroad track materials and locomotive radiators purchased
in this state by railroads for use outside this state.
(b) Persons seeking to make exempt purchases as provided in this section shall apply
to the commissioner for a certificate as provided in § 67-6-529. In order to obtain the exemption, a copy of the certificate provided by this section
or a fully completed Streamlined Sales Tax certificate of exemption shall be given
by the railroad to each dealer from which it intends to make exempt purchases.
(c) If a railroad fails to keep records as required by the commissioner to establish
that railroad track materials or locomotive radiators purchased exempt from tax were
not used in this state, but were removed from this state for use and consumption outside
this state, then the railroad shall be liable for tax on such materials or radiators
at the full rate provided by § 67-6-203, regardless of whether such railroad had previously obtained a certificate as provided
by this section.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.