Resale is defined as a subsequent, bona fide sale of the property, services, or taxable item by the purchaser. A sale for resale is the sale of the property, services, or taxable item intended for subsequent resale by the purchaser.
Reference: Tenn. Code Ann. § 67-4-702(a)(15) and Tenn. Comp. R. & Regs. 1320-04-05-.47.
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