Missouri – Taxability of Damaged and Obsolete Inventory

SALT Report 3091 – The Missouri Department of Revenue issued a letter ruling regarding whether a part that is damaged in the manufacturing process and must be discarded prior to completion, is subject to tax under section 144.610.1, RSMo. In Continue reading Missouri – Taxability of Damaged and Obsolete Inventory

Wyoming – Vendors Who Act as Contractors

SALT Report 3052 – The Wyoming Department of Revenue issued guidance regarding the tax responsibilities of vendors who act as contractors.  Generally, Wyoming allows a vendor who sells items to also act as a contractor to purchase materials from its Continue reading Wyoming – Vendors Who Act as Contractors