On August 4 the Comptroller convened a round table to address concerns related to “contract manufacturing” regarding proposed amendments to Rule 3.584. The rule incorporates guidelines to clarify when a taxable entity is the producer of products that it sells in calculating if 50% of the total revenue from activities in retail or wholesale trade comes from the sale of products it produces, for purposes of determining whether the taxable entity is primarily engaged in retail or wholesale trade.
The report below details these discussions.