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 330.2879

(a) IN GENERAL

330.2879 Subleases. In a series of subleases, where all the intervening subleases are sales for resale, and the rental receipts are the measure of tax, liability for collection of the tax rests only with the sublessor who leases the property to the consumer-lessee. If uncollectible at that point, one can then look only to the consumer-lessee. 12/5/74.