Compilation of Rules and Regulations of the State of Georgia
Department 560 - RULES OF DEPARTMENT OF REVENUE
Chapter 560-12 - SALES AND USE TAX DIVISION
Subject 560-12-1 - ADMINISTRATIVE RULES AND REGULATIONS
Rule 560-12-1-.12 - Consigned Tangible Personal Property
Universal Citation: GA Rules and Regs r 560-12-1-.12
Current through Rules and Regulations filed through March 20, 2024
(1) Tangible personal property consigned, delivered to or entrusted to a dealer for the purpose of sale is taxable at the time of sale at retail. The retailer is required to collect and remit the tax based upon the sales price.
(2) When consigned tangible personal property is used for any purpose other than retaining, demonstrating or displaying it for sale, the consignee shall be liable for the tax on the fair market value of the property at the time of its first use.
Ga. Code Ann. Secs. 94-3438a, 92-8405, 92-8406, 92-8409, 92-8427.
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