1999 Minnesota Statutes

     297A.12 Improper use of subject of purchase obtained 
  with exemption certificate. 

    If a purchaser who gives an exemption certificate makes any 
 use of the subject of the purchase other than for a purpose 
 exempted under this chapter, such use shall be deemed a retail 
 sale by the purchaser as of the time of first use by the 
 purchaser, and the sales price to the purchaser shall be deemed 
 the gross receipts from such retail sale.  If the sole nonexempt 
 use is rental while holding for sale, the purchaser shall 
 include in the purchaser's gross receipts the amount of the 
 rental charged.  Upon subsequent sale of such property, the 
 seller shall include the entire amount of gross receipts 
 received therefrom without deduction of amounts previously 
 received as rentals.  

    HIST: Ex1967 c 32 art 13 s 12; 1971 c 151 s 1; 1986 c 444; 
 1997 c 31 art 2 s 8