Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2018

Sales and Use Tax Annotations

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105.0000 AIRCRAFT—Regulation 1593

Annotation 105.0185

105.0185 Loan of Engines. Due to a delay in delivery of engines ordered with an airplane, the airplane manufacturer loaned other engines to the airplane purchaser. The loan constituted a use by the manufacturer, taxable at fair rental value. There is no lease because there is no consideration. The exemptions of sections 6366 and 6366.1 apply only to aircraft and not to engines and thus, the loan of the engines is not exempt under these statutes. 12/20/85.