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Business Taxes Law Guide—Revision 2024

BTLG Table of Contents > Sales and Use Tax Annotations > L > 330.0000 Leases Of Tangible Personal Property—In General > Annotation 330.3230

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

Annotation 330.3230

(b) Rental Receipts—Items Included and Excluded

330.3230 Damaged or Missing Equipment. Compensation received by a lessor from lessee for damaged or missing equipment is not considered a "sale" since there is no transfer of property to the lessee. (Section 6006 of the Revenue and Taxation Code.) This is true whether the leased property is purchased tax paid or the lessor is paying tax on rental receipts. 1/18/91.