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Is the lease or rental of tangible personal property taxable?

April 26, 2017lease Property rental Tangible taxable

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Is the lease or rental of tangible personal property taxable?

1 Answer

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Yes. A Use Tax is due from the lessor on all property put into lease or rental service. An option is given on how to pay this tax. Sales or Use Tax can be paid on the total cost at time of purchase, or Use Tax can be paid on the total lease or rental charges within this State.