Warranties and Maintenance AgreementsWarranties and Maintenance Agreements • April 18th, 2011
Contract Type FiledApril 18th, 2011This FYI addresses the sales tax obligations of vendors who offer warranties and maintenance agreements. For the purposes of determining Loveland sales tax applicability, there are two types of warranties for maintenance agreements (also referred to as service contracts): mandatory agreements that are part of the purchase price of the item, and optional agreements which are sold to the customer as a separate item.