PURPOSE: This rule provides that the director of revenue may permit deductions where exemption certificates are obtained after an audit and interprets and applies section 144.620, RSMo.

1. (1) After completion of an audit, the director, in appropriate cases, may permit deductions where exemption certificates were acquired after the audit commenced. After an audit has been finalized and all administrative remedies have been exhausted, no exemption certificates may be honored.

AUTHORITY: section 144.705, RSMo (1994)* U.T. regulation 640-2 originally filed Oct. 28, 1975, effective Nov. 7, 1975. Refiled March 30, 1976. *Original authority 1959.