California CDTFA Publishes Tax Information on Sales for Resale

The California Department of Tax and Fee Administration Feb. 1 published information on sales for resale. Purchasers engaged in the business of selling tangible personal property can issue resale certificates when purchasing items to be sold in the regular course of business. Sellers accepting valid, timely certificates don’t owe sales and use taxes on the transaction. The certificate for purchasers is the General Resale Certificate, CDTFA-230. All sales and purchases from a person convicted of trafficking counterfeit goods are taxable. The publication provides: 1) information on valid resale certificates; 2) the impact of resale certificate misuse; 3) a table of ...