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 330.3500

(b) RENTAL RECEIPTS—ITEMS INCLUDED AND EXCLUDED

330.3500 Option to Purchase. Charges for property taxes, insurance, repairs and interest paid by the lessee upon exercise of an option to purchase leased equipment are included in the measure of the tax arising out of the sale. 12/15/65.