Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2013
Sales and Use Tax Annotations
295.0000 GROSS RECEIPTS
(g) SERVICE CHARGES GENERALLY
295.1780 Television Lease Agreements. A transaction whereby a taxpayer enters into an agreement with a hotel to lease television sets for determinate periods for fixed monthly payments, with the lessor agreeing to install and maintain the appliances for the period of the lease, together with a supplemental agreement giving the lessee an option to purchase the appliances for nominal fees, is considered a sale of the sets, and no amount may be excluded from taxable receipts on account of the services rendered inasmuch as the customer is given no option in respect thereto. 4/14/60.