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BTLG Table of Contents > Sales and Use Tax Annotations > L > 330.0000 Leases Of Tangible Personal Property—In General > Annotation 330.2450

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

Annotation 330.2450

(a) In General

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330.2450 Oil Well Drilling Rig. A lease of an oil well drilling rig has occurred when all of the following apply:

(1) Although lessor has a supervisor at the jobsite who direct drillers as to how much weight and pressure to apply, the actual drilling operations are done by the customer's employees on rigs of the lessor;

(2) Lessor is not responsible for any damage that may result in the drilling operation;

(3) If any tools are lost or damaged in the well, the customer is responsible for them, and

(4) Lessor is not responsible for the results of the drilling operations. 7/10/68.