Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2013
 

Sales and Use Tax Annotations


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L

335.0000 LEASES OF MOBILE TRANSPORTATION EQUIPMENT— Regulation 1661

Annotation 335.0010

335.0010 Component Parts. A lessor of mobile transportation equipment who has properly elected to measure his use tax liability by "fair rental value" may properly purchase the repair parts he places on such equipment ex-tax for resale. In such a case the "fair rental value" will be based on the full maintenance rental charge. 7/25/73.