Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Sales and Use Tax Annotations


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I

315.0000 INSTALLING, REPAIRING, RECONDITIONING IN GENERAL—Regulation 1546

Annotation 315.0180

(a) IN GENERAL

315.0180 Lease in Lieu of a Sale. A home furnishing store sells merchandise on a lease contract basis, the lease being in lieu of a sale, and taxable as a sale of the property covered by the lease. Installation charges, such as connecting a stove, a washing machine, laying carpets, etc., in the contract, are excludible from taxable gross receipts. 12/4/53.