Untitled Texas Attorney General Opinion

Mr. Robert S. Calvert Opinion No. C- 86 Comptroller of Public Accounts Austin, Texas Re: Whether 100% of the ren- tal receipts received by a corporation, for the leasing of equipment, is Ybusiness done In Texas” regardless of where they are used, for purposes of the allocation for- mula In Artlole 12.02, Dear Mr. Calvert: V.C.S. You ask whether all of the rentals received from the leasing of trucks, automobiles, tow boats and barges regardless. of where they are in fact used and receipts from the operation by the owners of tow~;boats and barges is “business done within Texas” for purposes of…