1. 1. The charges are separately stated as part of the sales transaction; and
2. 2. The charges result from the sale of such property on credit or under an installment contract.

Gross receipts from finance, carrying charges, or interest charges incurred in connection with a retail sale of tangible personal property are not subject to tax if:

Historical Note

Adopted effective August 9, 1993 (Supp. 93-3). Amended by final rulemaking at 12 A.A.R. 4099, effective December 4, 2006 (Supp. 06-4).