Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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W

600.0000 WATERCRAFT—Regulation 1594

Annotation 600.0448

(e) COMPONENT PARTS OF WATERCRAFT

600.0448 Forklifts. Forklift trucks used to load and unload cargo on and off a vessel designed to have cargo admitted only through a stern ramp are not component parts of the watercraft, notwithstanding their essential nature to the operation of the vessel and the fact that while the vessel is en route the forklifts are lashed securely to the inner hull by heavy chains. Pursuant to Regulation 1594, to be a component part of watercraft, the item must be ". . . an integral part of the watercraft, affixed or attached thereto in a substantial manner when in use." (Emphasis added.) Forklifts obviously fail this test. 11/5/85.