Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2014
Sales and Use Tax Annotations
335.0000 LEASES OF MOBILE TRANSPORTATION EQUIPMENT— Regulation 1661
335.0800 Issuance of Resale Certificate—Mobile Transportation Equipment. A lessor of mobile transportation equipment (MTE) may issue a resale certificate for the limited purpose of reporting its use tax liability on the fair rental value basis. The lessor cannot issue a resale certificate in order to attempt to qualify for the exclusion provided in section 6009.1. If a lessor issues such a certificate to avoid payment of sales tax reimbursement, it owes tax on cost unless it makes a timely election to pay tax on fair rental value, which would have to be paid without regard to the location of the MTE during the lease. 5/7/97.