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 330.3190

(b) RENTAL RECEIPTS—ITEMS INCLUDED AND EXCLUDED

330.3190 Charge-Back to Lessee for Repairs. Taxable rentals exclude a charge-back to the lessee for the repair and reconditioning of a vehicle, when the lessee has the option to make the necessary repairs elsewhere, prior to the return of the vehicle at the end of the lease. Such fees are considered costs incurred in disposing the property at the expiration or earlier termination of the lease. 4/17/90.