Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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

Annotation 330.2350

(a) IN GENERAL

330.2350 Motion Pictures—Use of Projector and Related Equipment. A corporation engaging in providing motion picture films to restaurants and pizza parlors who supplies its customers with the projector and accessory equipment is subject to tax measured by the apportioned rental attributed to the projector and the related equipment. It was not reasonable to conclude that the corporation provided the equipment without charge, as an accommodation when the invested cost of the property amounted to approximately 77% of the total unit. 7/6/77.