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 330.4140

(d) "SUBSTANTIAL CHANGE IN FORM"

330.4140 Ski Bindings. The installation of bindings on snow skis does not constitute a substantial change in form. Accordingly, if bindings and skis are purchased tax-paid, no further tax is due when they are rented as a single unit. If the skis are purchased tax-paid and the bindings purchased ex-tax, receipts from the rentals are taxable, and the lessor may deduct the tax-paid cost of the skis. 1/12/68.