Add 'Homebuilders and Real Property Services'

Homebuilders-and-Real-Property-Services.md

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+<br>A homebuilder is a contractor who improves residential real estate and who, in making such improvements, incorporates tangible personal property into the property improved.<br>
+<br>Contracts<br>
+<br>As a contractor, the homebuilder's sales and use tax responsibility depends upon the type of contract used. Contracts may be either lump-sum or separated contracts.<br>
+<br>Lump-sum Contracts - A lump-sum contract is a contract through which the price is billed as one lump-sum amount. The contract does not state a separate charge for the skill and labor from the materials incorporated into the work nor does the contract require invoices or progress billings, etc., to separately state these charges.<br>
+<br>Under a lump-sum contract, the homebuilder is considered the ultimate consumer