Reg. 21.1-450.5. - Rental, leasing, and licensing for use of tangible personal property: delivery, installation, repair, and maintenance charges.

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(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 21.1-450; provided that the provisions of Regulation 21.1-100.2 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 21.1-450; however, such income is subject to the provisions of Sections 21.1-460 and 21.1-465, and the provisions of Regulation 21.1-465.1.

(Res. No. 4491, § 1, 6-14-11)

                    
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