15-68-210. Nontaxability -- lease for subsequent lease.
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.
History: En. Sec. 14, Ch. 544, L. 2003.