ALABAMA DEPARTMENT OF REVENUE
SALES, USE & BUSINESS TAX DIVISION
SALES & USE TAX RULE
810-6-1-.31. Carrying Charges, Finance Charges.
(1) When the seller has an established price for the goods he sells,
that price is the amount to be included in gross proceeds of sales even
though the established price may include an amount to cover a carrying
charge.
(2) When the seller has an established cash price, and when selling
on an extended payment basis adds a separate charge for financing, the
additional charge is not included in the gross proceeds of sales.
(3) In no event may finance or carrying charges be deducted from gross
proceeds of sales when not shown as a separate item in the seller's billing
to his customer. (Section 40-23-1(a)(6)) (Readopted through APA effective
October 1, 1982)
Numeric Index