Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2018

Sales and Use Tax Annotations

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Annotation 295.0480


295.0480 Royalties. Where the licensee of a patented process was required to lease certain equipment in connection with the use of that process, the license fees or royalties, as well as the equipment rental receipts, are subject to tax since it appears that the licensee could not use the equipment for the purpose for which it was intended without paying the royalties. 9/21/66.