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Business Taxes Law Guide—Revision 2024

Sales and Use Tax Annotations


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I


315.0000 Installing, Repairing, Reconditioning in General—Regulation 1546

Annotation 315.0180

(a) In General

315.0180 Lease in Lieu of a Sale. A home furnishing store sells merchandise on a lease contract basis, the lease being in lieu of a sale, and taxable as a sale of the property covered by the lease. Installation charges, such as connecting a stove, a washing machine, laying carpets, etc., in the contract, are excludible from taxable gross receipts. 12/4/53.