Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2018

Sales and Use Tax Annotations

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580.0000 VEHICLES

Annotation 580.0348


580.0348 Sale of Vehicle to a Nondealer Lessor. A dealer may sell a vehicle (not mobile transportation equipment) to a nondealer leasing company for resale in the form of a continuing sale lease if the vehicle is registered as prescribed by section 4453.5 of the vehicle code in either the name of the lessor or the lessor/lessee jointly. The dealer should take a resale certificate that contains the nondealer's statement that the vehicle is being purchased for resale in the nondealer's regular course of business. 9/10/96.