West Virginia Code of State Rules
Agency 110 - Tax
Title 110 - LEGISLATIVE RULE STATE TAX DEPARTMENT
Series 110-26 - Municipal Business And Occupational Tax
Section 110-26-2i - Furnishing Property For Hire; Rental And Royalty
Current through Register Vol. XLI, No. 38, September 20, 2024
2i.1. Any person engaged in the business of furnishing any real or tangible personal property, which has a tax situs in a municipality, or any interest therein for hire, loan, lease or otherwise, whether the return be in the form of rentals, royalties, fees or otherwise, shall report the gross income derived therefrom under the rental and royalty classification. The term tangible personal property as used herein shall not include money or public securities. The terms "Rental and Royalty Classification", "Rental Classification" and "Royalty Classification," when used within these regulations, are synonymous.
2i.2. The owner or operator of a store or an establishment in which leased departments are conducted must include on his return the rental income received by him from the lessee. The lessor must file a municipal business and occupation tax return and pay tax under this applicable classification.
