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 600.0492

(e) COMPONENT PARTS OF WATERCRAFT

600.0492 Lashing Gear. Wire rope, turnbuckles, shackles and clips qualify as a component parts and exempt from tax when principally used as lashing gear which is affixed to watercraft or an affixed part thereof and used in an exempt operation of the watercraft. Gear which is principally used to lash cargo to itself, to other cargo, or to dunnage not affixed to the vessel would not qualify because the gear would not be affixed to the watercraft. The fact that the equipment is used to lash cargo rather than running gear of the watercraft does not derogate from the exempt status if the watercraft qualifies for the watercraft exemption, nor is the wire rope subject to tax merely because it may be discarded at the end of the voyage. 1/9/80.