§ 150-620. Lease or rental of tangible personal property.

Latest version.

The gross receipts or gross proceeds derived from the lease or rental, within this city, of all kinds and types of tangible personal property, are subject to the tax levied under this article. The tax shall be computed on the gross receipts or gross proceeds without any deduction whatsoever for expenses incident to the conduct of business.

(Code 1956, § 56-50)

State law reference

Similar provisions, R.S. 47:306(A)(2).

                    
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