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 335.0073

335.0073 Principally—One-Way Rental Trucks. Section 6024 provides for specific tax treatment of trucks "which are principally employed by a person in the rental business . . . leased out for short term rental of not more than 31 days . . . . " In determining whether a vehicle is "principally employed," the six-month principal use test is the appropriate method. If over fifty percent of the days of the rental use of a given truck during the first six months is for the short term rentals, the truck qualifies for one-way rental truck classification. 10/6/77.