15-68-210. Nontaxability -- lease for subsequent lease.
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/mt/title-15/chapter-68/part-2/15-68-210·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
15-68-210 . Nontaxability -- lease for subsequent lease. The lease of property is nontaxable if:
(1)the lease is made to a lessee who delivers a nontaxable transaction certificate; and
(2)the lessee does not use the property in any manner other than for subsequent lease in the ordinary course of business.