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Business Taxes Law Guide—Revision 2024
Sales and Use Tax Annotations
A B C D E F G H I J L M N O P R S T U V W X
L
330.0000 Leases of Tangible Personal Property—In General—Regulation 1660
Annotation 330.4080
(d) "Substantial Change in Form"
330.4080 Replacement of Truck Chassis. An individual buys trucks tax-paid and rents the trucks to a corporation, and when the truck chassis wears out, rents another chassis to the corporation, which attaches the body of the old truck to the new chassis. In the above situation, the individual is leasing property in substantially the same form as acquired and is not liable for additional tax. The attachment of the body to the new chassis, being a relatively simple operation, does not require any significant fabrication labor on the part of the corporation. 8/8/66.