Reselling of Personal Property

Production companies often sell props, costumes and other items no longer needed after a project wraps. However you sell these items, even by auction or rummage sale, you must collect state and local sales taxes on all sales. You'll need a sales tax ID number, and you'll need to report the amount collected on a Sales and Use Tax Return. For details, contact the Comptroller of Public Accounts, (800) 252-5555.