81-04.1-01-11

N.D. Admin. Code § 81-04.1-01-11

Finance or Carrying Charges

Effective Apr 1, 2006General Authority: NDCC 57-39.2-19; Law Implemented: NDCC 57-39.2-01, 57-39.2-02.1, 57-39.2-04Tax Commissioner

Finance, carrying, and interest charges are not taxable if separately agreed upon by the buyer and the seller and if separately billed by the seller to the buyer.

History: Effective June 1, 1984; amended effective March 1, 1988; April 1, 2006.

General Authority: NDCC 57-39.2-19

Law Implemented: NDCC 57-39.2-01, 57-39.2-02.1, 57-39.2-04