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Business Taxes Law Guide—Revision 2024
Sales and Use Tax Annotations
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L
335.0000 Leases of Mobile Transportation Equipment— Regulation 1661
Annotation 335.0065
335.0065 Pickups as One-Way Rental Trucks. A vehicle manufacturer leases pickups to its franchise dealers for a period of 6 to 15 months. The franchised dealer in turn leases these trucks to its customers on a daily basis while the customer's vehicle is being repaired. Under these circumstances, the lease by the manufacturer can be allowed as a sale for resale provided the franchisee certifies as part of the resale certificate that the trucks are to be subleased in a manner that would qualify them as one-way rental trucks. 7/12/76.