17 N.C. Admin. Code 7B.4412
Current through Register Vol. 39, No. 9, November 1, 2024
When tangible personal property which has been leased is sold at retail, the sale is subject to the applicable retail rate of tax without regard to any tax which has been collected and remitted to the Department on receipts from the lease or rental of the property.
17 N.C. Admin. Code 07B .4412
Eff. February 1, 1976;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. May 25, 2019.
Eff. February 1, 1976.