Oklahoma Administrative Code
Title 710 - Oklahoma Tax Commission
Chapter 65 - Sales and Use Tax
Subchapter 18 - Sourcing Pursuant to the Streamlined Sales and Use Tax Administration Act
Section 710:65-18-4 - Sourcing for lease or rental of tangible personal property
Universal Citation: OK Admin Code 710:65-18-4
Current through Vol. 42, No. 1, September 16, 2024
(a) For a lease or rental of tangible personal property:
(1) Where the lease or
rental requires recurring periodic payments:
(A) The first payment will be sourced as set
out in
710:65-18-3.
(B) For those payments made after the first
payment, the payment will be sourced to the "primary property location", as
defined by
710:65-18-2, for each
period covered by the payment. The periodic rental or lease payments shall be
sourced to the primary property location even though the property may be used
intermittently at different locations.
(2) Where the lease or rental does not
require periodic payments, the payment is sourced in accordance with the
provisions of
710:65-18-3.
(3) Where the lease or rental is based on a
lump sum or accelerated basis, the payment is sourced in accordance with the
provisions of
710:65-18-3.
(b) This Section does not apply to motor vehicles, trailers, semitrailers, aircraft and "transportation equipment" as defined in OAC710:65-18-2.
Added at 21 Ok Reg 2581, eff 6-25-04; Amended at 29 Ok Reg 542, eff 5-11-12
Disclaimer: These regulations may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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