Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2014
Sales and Use Tax Annotations
330.0000 LEASES OF TANGIBLE PERSONAL PROPERTY—IN GENERAL—Regulation 1660
(d) "SUBSTANTIAL CHANGE IN FORM"
330.3960 Credit for Tax Paid on Purchase. Commencing August 1, 1965, if property leased is not in substantially the same form as acquired, but tax was paid upon the acquisition of the property, and no use is made of the property before leasing it, the lessor must pay tax on his rental receipts, but may take a credit for the amount of the tax paid on the purchase of the materials. 7/26/65.