True or False: Auctioneers are not required to collect sales tax from non-exempt purchasers.

Auctioneers are indeed required to collect sales tax from non-exempt purchasers, making the statement false. This requirement is rooted in state tax laws, which generally mandate that businesses, including auctioneers, must collect sales tax on taxable sales unless the buyer is specifically exempt from such taxation.

In Kentucky, sales tax applies to most tangible personal property sold at auction. By collecting sales tax, auctioneers fulfill their legal obligation to ensure that the tax is properly remitted to the state. This not only helps maintain compliance with tax regulations but also protects auctioneers from potential liability for uncollected taxes.

The necessity for auctioneers to act as agents for tax collection is a crucial aspect of their role, reinforcing the importance of understanding tax obligations in the auction industry.