International Business MacHines Corp. v. State Tax Commission

BARRETT, Commissioner.

In reversing a finding of the State Tax Commission the circuit court has found that certain of International Business Machines. Corporation’s (IBM) transactions are not subject to the state sales tax and has therefore ordered a refund of $238,459.69 “with interest from date of payment at the rate of six per cent.” Thus upon this appeal by the commission the question for determination is whether certain rental or lease-transactions are subject to the two per cent sales tax. Specifically, the question is. whether those transactions under IBM’s. “Agreement for IBM Machine…