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BTLG Table of Contents > Sales and Use Tax Annotations > L > 330.0000 Leases Of Tangible Personal Property—In General > Annotation 330.2480

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

Annotation 330.2480

(a) In General

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330.2480 Option to Purchase. There would be a tax due upon the exercise of an option to buy by the lessee and the tax would be due upon the specified selling price, i.e., amount paid by the lessee upon exercise of the option to purchase. 8/5/65.