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Business Taxes Law Guide—Revision 2024
Sales and Use Tax Annotations
A B C D E F G H I J L M N O P R S T U V W X
D
215.0000 Demonstration, Display and Use of Property Held for Resale—Vehicles—Regulation 1669.5
Annotation 215.0430
(a) General
215.0430 Race Car. When a distributor of a particular racing car enters a car in professional races in order to demonstrate its ability, the car is not being used solely for demonstration and display purposes. If the car is frequently demonstrated and displayed and only used partly for racing, use tax is due measured by the fair rental value of the car for the period of such use. If the car, which is raced, is not frequently demonstrated or displayed while being held for sale, tax applies measured on cost. 11/19/91.