Exemption; gross receipts tax; occasional sale of property

or services. Exempted from the gross receipts tax are the receipts from the isolated or occasional sale of or leasing of property or a service by a person who is neither regularly engaged nor holding himself out as engaged in the business of selling or leasing the same or similar property or service. History: 1953 Comp., § 72-16A-12.16, enacted by Laws 1969, ch. 144, § 21.