Okla. Admin. Code § 710:65-19-10

Current through Vol. 42, No. 7, December 16, 2024

Section 710:65-19-10 - Auctioneer

(a) Persons engaged in the business of sales at auction of their own tangible personal property or of tangible personal property which is consigned to them for sale are vendors, and are, therefore, required to hold sales tax permits and collect, report and remit the sales tax measured by the gross receipts from such sales.

(b) Auctioneers are obliged to add, collect and remit the tax even though they have been engaged by executors, administrators, trustees, receivers or other officers of a court to make sales of tangible personal property, even though such sales may be connected with liquidation or bankruptcy proceedings or made pursuant to court order.

(c) For the purpose of administering the Sales Tax Code, it is deemed that the auctioneer will have the property on consignment when he receives payment for the property sold, issues his bill of sale or invoice, and pays the owner for the property sold with his check or other remittance.

Okla. Admin. Code § 710:65-19-10