Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Sales and Use Tax Annotations


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L

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

Annotation 330.2030

(a) IN GENERAL

330.2030 Charges for Lost Photographic Slides. A customer lost five photographic slides that were leased. The lessor of the photographic slides charged the lessee $1,500.00 for each slide that was lost.

The charges were analogous to charges made by a lessor for insuring, repairing, or refurbishing leased property following a default. Accordingly, the transactions did not result in the sale of the slides. 6/14/93.