California Revenue and Taxation Code 6390 – There are exempted from the computation of the amount of the sales …
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There are exempted from the computation of the amount of the sales tax the rentals payable under a lease of tangible personal property (a) when such rentals are required to be included in the measure of the use tax or (b) when such property is situated outside this state.
(Added by Stats. 1965, 1st Ex. Sess., Ch. 2.)
Terms Used In California Revenue and Taxation Code 6390
- 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.