Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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330.0000 LEASES OF TANGIBLE PERSONAL PROPERTY—IN GENERAL—Regulation 1660

Annotation 330.3630

(b) RENTAL RECEIPTS—ITEMS INCLUDED AND EXCLUDED

330.3630 Wet Rentals. The measure of tax with respect to the rental of an automobile leased on a "wet rental" basis includes amounts credited to the lessee as reimbursement for gasoline purchases made by the lessee where the lessee has purchased the gasoline as agent for the lessor. The lessor may take a tax-paid purchases resold deduction for tax reimbursement paid by the lessee, on behalf of the lessor, to the service station dealer upon the purchase of the fuel. The sale by the dealer under these circumstances is regarded as a sale to the lessor for resale to the lessee. 9/26/72.