Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2015
Sales and Use Tax Annotations
330.0000 LEASES OF TANGIBLE PERSONAL PROPERTY—IN GENERAL—Regulation 1660
(a) IN GENERAL
330.2717 Rentals Payable. An artist furnishes artwork to churches, but retains title to the artwork. In some cases the church pays her a specified amount. In other instances the churches "contribute to my life with the best that they can do, so that their money can enable my time to be continuously spent doing this work." In both cases, from the facts presented, the artist has agreed to supply art in exchange for the churches paying her something. Since the artist retains title to the art the transaction is a lease of property which is not in the same form as acquired. Tax is due on rental receipts. 1/12/90.