Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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L

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

Annotation 330.4165

(d) "SUBSTANTIAL CHANGE IN FORM"

330.4165 Substantial Change in Form. Taxpayer purchases ex-tax large spools of insulated copper cable, cuts it into various standard lengths and adds certain adapters and connectors so that the cable can be attached to power distribution boxes, electrical equipment, etc. The cables are then leased to others with tax being paid on the cost of the materials.

The cables are not leased in the same form as acquired and tax is due on the rental receipts, with a deduction allowed for the tax paid on the cost. 12/8/80.