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BTLG Table of Contents > Sales and Use Tax Annotations > U > 570.0000 Use of Property in State and Use Tax Generally > Annotation 570.1480

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U

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570.0000 Use of Property in State and Use Tax Generally

Annotation 570.1480

(g) Leasing

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570.1480 Leased Back Equipment. Where a California seller sells its operating equipment and leases it back, the equipment being out-of-state when title passed, the sales tax does not apply, but the use tax would apply as to such equipment which was leased back and received its principal use in this state after the sale. The seller would be liable for the amount of use tax required to be collected from the purchaser-lessor. 3/16/55.