California Revenue And Taxation Code — Other Taxes — Exemptions — Exemptions From Sales Tax — Exemption for rentals payable under lease of tangible personal property

Current through the 2016 Legislative Session

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.