Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2018

Sales and Use Tax Annotations

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347.0000 MANUFACTURING EQUIPMENT—Regulation 1525.2

Annotation 347.0730

347.0730 Partial Exemption—Leasing Transactions. The partial exemption provided in section 6377(a) is available only to the taxable lease transaction itself and not with respect to the lessor's acquisition of the property. The partial exemption is not available to the lessors who lease to qualified persons nor to the vendor of such lessors when the lessor elects to pay tax at the time of purchase. 10/17/95.