Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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L

330.0000 LEASES OF TANGIBLE PERSONAL PROPERTY—IN GENERAL—Regulation 1660

Annotation 330.1830

(a) IN GENERAL

330.1830 Advance Rental Payments. Advance rental payments received by the lessor at the time the lease commences are subject to the tax at the time the amounts are paid by the lessee in accordance with section 6203. It is immaterial that the advance rental payment is designated as being applicable to the final period of the lease. 3/25/69.