Form Au-196.10 - Notification Of Sale, Transfer, Or Assignment In Bulk Page 2
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2Page 2 of 2 AU-196.10 (12/10)
Instructions
4. Sales price of manufacturing equipment, tools, and supplies.
Section 1 - Mailing address of purchaser, seller, and
Include all equipment or machinery for use or consumption
escrow agent (if any)
directly and predominantly in the production of tangible
personal property, gas, electricity, refrigeration or steam
Since Transaction Desk Audit Bureau will be contacting the
for sale, and tools and supplies used in connection with
purchaser, seller, and escrow agent, a mailing address for each
such machinery or equipment. Machinery, equipment, and
is required. The mailing address provided may be the business
parts entitled to exemption in accordance with Tax Law
or home address of the officer, partner, or other representative
sections 1105-B, 1115(a)(12), and 1210(a)(1), may be
responsible for the records of the parties involved. If the mailing
transferred exempt from sales tax. The purchaser must give
address is that of a representative, a power of attorney must be
the seller a properly completed Form ST-121, Exempt Use
attached.
Certificate, within 90 days of the sale.
5. Sales price of real estate.
Section 2 - Vendor identification
6. Sales price of intangible assets. Include goodwill, accounts
List each vendor’s identification number as shown on the Certificate
receivable, notes receivable, mortgages, securities, and all
of Authority issued by the NYS Tax Department. If the purchaser is
other intangible assets.
not a registered vendor, indicate none.
g) Terms and conditions of sale – Outline manner of payment
List the purchaser and seller as stated in the sales contract,
and any conditional provisions of the contract.
including their trade name (corporation, partnership, name under
which an individual owner is doing business, assignee, trustee,
Mailing address
estate, etc.) and business location.
Mail original to:
Section 3 - Details of sale
NYS TAX DEPARTMENT
TDAB–BULK SALES UNIT
In connection with the proposed sale, the following information is
W A HARRIMAN CAMPUS
required:
ALBANY NY 12227
a) Scheduled date of sale – The date to be entered is the date
that the purchaser is taking possession of the business or
Attention
property sold, or paying therefor, whichever comes first.
Any person who is required to file Form AU-196.10 and who,
in addition, has to obtain a Certificate of Authority, must file
b) Location of property when transferred to the purchaser – If
Form DTF-17, Application to Register for a Sales Tax Certificate
more than one location, attach a detailed schedule.
of Authority. This application must be filed at least 20 days before
either taking possession of the business assets or paying for
c) Type of business or property sold – for example, restaurant,
them, whichever comes first. Failure to file a timely registration
retail clothing, fuel oil distributor, wholesale automotive supply,
for a Certificate of Authority may, in addition to any other penalty
hardware manufacturer, etc.
imposed by the Tax Law, result in a penalty of up to $200. You can
file this application online at or get a paper
d) Amount of escrow fund (if any).
application to file from our Web site (see Need help?).
e) Name, address, and telephone number of bank and
If you sell tangible personal property or services subject to tax,
identification of account in which escrow fund is or will be
receive amusement charges, operate a hotel, purchase or sell
deposited.
tangible personal property for resale, or sell automotive fuel or
cigarettes without a Certificate of Authority, in addition to any
f) Sales prices of assets sold – If the sales contract does not
other penalty imposed, you are subject to a penalty not exceeding
provide a sales price for the asset, the amount to be listed is
$500 for the first day plus an amount not exceeding $200 for each
the depreciable value for income tax purposes or the fair market
subsequent day on which such sales or purchases are made, not to
value, whichever is higher. Do not reduce the sales price or
exceed $10,000 in the aggregate.
valuation assigned by the amount of any mortgage or other
liability assumed by the purchaser.
Need help?
1. Sales price of tangible personal property. Include furniture,
fixtures, supplies, and all other tangible personal property
Internet access:
(except for inventory for resale, manufacturing equipment,
(for information, forms, and publications)
tools and supplies, and motor vehicles).
2. Sales price of motor vehicles.
Sales Tax Information Center:
(518) 485-2889
3. Sales price of merchandise inventory for resale. Inventory
To order forms and publications:
(518) 457-5431
for resale may be transferred exempt from sales tax.
The purchaser must give the seller a properly completed
Text Telephone (TTY) Hotline
Form ST-120, Resale Certificate, within 90 days of the sale.
(for persons with hearing and
speech disabilities using a TTY):
(518) 485-5082
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