California Revenue and Taxation Code 6009 – “Use” includes the exercise of any right or power over tangible …
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“Use” includes the exercise of any right or power over tangible personal property incident to the ownership of that property, and also includes the possession of, or the exercise of any right or power over, tangible personal property by a lessee under a lease, except that it does not include the sale of that property in the regular course of business.
(Amended by Stats. 1965, 1st Ex. Sess., Ch. 2.)
Terms Used In California Revenue and Taxation Code 6009
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Personal property: All property that is not real property.