True or False: All auction house operators must maintain a Sales and Usage Tax permit reporting number.

All auction house operators are required to maintain a Sales and Usage Tax permit reporting number because they engage in the sale of goods and services, which typically triggers sales tax obligations. The state of Kentucky, like many other states, mandates that businesses collect sales tax on taxable transactions to ensure compliance with state tax laws. This requirement applies universally to auction houses, regardless of the nature of the auction, whether it is a charity auction or a regular auction, and is not limited to sales above a certain amount. The Sales and Usage Tax permit allows auctioneers to legally collect and remit the appropriate sales tax on behalf of the state, making it an essential requirement for auction operators to remain compliant with regulations governing sales taxes in Kentucky.