Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2013
Sales and Use Tax Annotations
330.0000 LEASES OF TANGIBLE PERSONAL PROPERTY—IN GENERAL—Regulation 1660
(b) RENTAL RECEIPTS—ITEMS INCLUDED AND EXCLUDED
330.3555 Security System. A taxpayer leases a security system to the owners of an apartment building. The lease provides for a monthly payment of $9.95 which is stated to include finance charges and alarm monitoring services.
The entire charge is subject to tax. Interest charges are excluded from rental receipts only if they are imposed for failure to make timely payments. The alarm monitoring service is not optional or separately stated. Thus, the service is considered related to the sale (lease) of tangible personal property. 2/28/94.