Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Sales and Use Tax Annotations


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D

210.0000 DEMONSTRATION, DISPLAY AND USE OF PROPERTY HELD FOR RESALE—General—Regulation 1669

Annotation 210.0200

(a) GENERAL

210.0200 Loans of Video Tapes to Employees. As an employee benefit, employees of a video tape sales and rental business are allowed to "rent" tapes purchased for resale for free. These rentals to the employees are taxable and the measure of tax is the fair rental value for the period of such use, as provided in Regulation 1669(f)(1)(B). 8/18/94.