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BTLG Table of Contents > Sales and Use Tax Annotations > L > 330.0000 Leases Of Tangible Personal Property—In General > Annotation 330.2200

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330.0000 Leases of Tangible Personal Property—In General—Regulation 1660

Annotation 330.2200

(a) In General

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330.2200 Equipment Leases. When a sublessor of property with an existing sublease obtains title to the subleased property, the sublessor, now the lessor, cannot alter the manner of reporting. If tax was being collected, and reported, measured by rentals payable, then the sublessor, now lessor, must continue to collect and report tax on that basis. 5/12/92.