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BTLG Table of Contents > Sales and Use Tax Annotations > L > 330.0000 Leases Of Tangible Personal Property—In General > Annotation 330.1900

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

Annotation 330.1900

(a) In General

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330.1900 Boats—Lease Contracts. A person purchases a marina including boats, and the transaction is exempt under section 6281.

(a) Tax will apply to receipts from rentals of the boats.

(b) Taxpayer has no election to pay sales tax in lieu of tax on the rental receipts since he cannot elect to pay tax on a transaction that is exempt under the law.

(c) If the transaction is not exempt under section 6281 and the purchaser pays use tax to the Board, he may rent the boats without sales or use tax liability.

(d) If the transaction is not exempt under section 6281, but the purchaser has a seller's permit, he may elect to report and pay tax on the receipts from boat rentals. 10/5/65.