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Business Taxes Law Guide—Revision 2024

Sales and Use Tax Annotations


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

Annotation 330.4160

(d) "Substantial Change in Form"

330.4160 Storage Tanks Fabricated by Lessor. A lessor fabricates storage tanks from steel that it purchases tax-paid. Since the fabricated tanks are not leased in substantially the same form as acquired, the rentals payable from the lessees are subject to use tax. 10/21/65. (Am. 2001–3).