Raffle Tickets Not Taxable in West Virginia

Friday, October 21st, 2016

 
 
Puerto Rico Treasury Department.
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West Virginia
General

West Virginia recently ruled that raffle tickets are not subject to sales and use tax.

The ruling determined that raffle tickets are not tangible property. Instead, they represent the intangible chance to win property. Tangible personal property is taxable in West Virginia, but intangible personal property is not. Because raffle tickets are intangible personal property, they are not taxable.

http://taxappeals.wv.gov/Redacted/13-205%20CU-C,%2013-219%20CU-C,%2013-220%20CU,%2013-221%20CU,%2013-483%20NFN-C,%2013-484-CU-C,%2013-485%20NFN-C,%2013-486%20CU-C.pdf


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TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.

TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.

Please visit TTR on the web at www.ttrus.com or call 866.578.8193.

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