Can the sales tax due up front be financed into the lease?
Yes, the sales tax due up front may be financed into the lease, but it must be remitted by the lessor with the sales tax return due for the period in which the leased property was delivered to the lessee in this State. 29. Is it necessary to issue an invoice for sales tax to the lessee on every lease contract? For example, if is it acceptable to finance sales tax into the lease, is an invoice to the customer necessary or can the calculation of sales tax be outlined in the language of the lease contract? The law requires that sales tax must be separately stated on any sales slip, invoice, receipt or other statement of the price or rent payable. In a lease transaction, the Division has determined that the sales tax amount can be itemized for the lessee on the lease contract. It is not necessary that each monthly lease payment invoice separately state the sales tax. 30.
