Rental, leasing, and licensing for use of tangible personal property: delivery, installation, repair, and maintenance charges

*This information is for Model City Tax Code purposes only.

(a) Delivery and installation charges in connection with the rental, leasing, and licensing of tangible personal property are exempt from the tax imposed by Section ___-450; provided that the provisions of Regulation ___-100.2 have been met.

(b) Gross income from the sale of a warranty, maintenance, or similar service contract in connection with the rental, leasing, and licensing of tangible personal property shall be exempt.

(c) Separately stated charges for repair not included as part of a warranty, maintenance, or similar service contract relating to the rental, leasing, or licensing of tangible personal property are exempt from the tax imposed by Section ___-450; however, such income is subject to the provisions of Sections ___-460 and ___-465, and the provisions of Regulation ___-465.1.