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Is the lease an Operating (True) Lease or Finance (Capital) Lease under California sales or use tax law?

April 26, 2017California Capital Finance lease operating sales tax law

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Is the lease an Operating (True) Lease or Finance (Capital) Lease under California sales or use tax law?

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Note: Under sales or use tax law, all leases are deemed to be a finance lease. However, if the lease meets one of the following two exceptions it will be treated as an operating lease.